{"id":528,"date":"2017-03-19T16:47:59","date_gmt":"2017-03-19T16:47:59","guid":{"rendered":"http:\/\/emilynews.com\/blog\/?p=528"},"modified":"2017-03-23T02:30:51","modified_gmt":"2017-03-23T02:30:51","slug":"auction-house-sorta-review","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=528","title":{"rendered":"Auction House Sorta — Review"},"content":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore!<\/strong><\/p>\n

This is a very interesting website.\u00a0 Unfortunately, it is extremely hard to read because the use of the English language is so poor.\u00a0 A person interested in a website program should not have to struggle to understand what is said about it; this is very poor salesmanship!\u00a0 We strongly advise Auction House Sorta<\/a> to utilize the services of a translator to obtain a good English version of the website.\u00a0 As the company is supposedly based in England, this should be very easy to do.\u00a0 This will greatly improve the understandability of the website and will surely increase the number of sign-ups by its English speaking readers.\u00a0 Furthermore, the proper use of the language that the website is written in will also create a much more favorable picture of the company.\u00a0 This was discussed in great detail in a recent issue of HYIP Insights<\/em>.\u00a0 You can read this article here<\/a>.<\/p>\n

But, to continue, the website interested me in that it may be the first time I have heard of this method of revenue generation for a HYIP.\u00a0 To summarize it as I understand it (and is described on the nice flow chart of the home page of Auction House Sorta<\/a>), it goes something like this:<\/p>\n

Auction House Sorta<\/a> representatives go to \u201cliquidation auctions at which is provided the property of the companies and physical persons which is subject to sale on account of settlement of different types of debt.\u201d\u00a0 These are the types of auctions at which it is possible to purchase items at prices far below their true value.<\/p>\n

Next, Auction House Sorta<\/a> purchases selected items (referred to as \u201cLots\u201d) that it feels can be resold for a much higher value.\u00a0 Funds of online investors are used to assist with these purchases.<\/p>\n

Finally, Auction House Sorta<\/a> holds another auction that appears to cater to a more exclusive audience where it resells these Lots at prices that will exceed the price it paid to acquire them — often by a considerable amount.\u00a0 This profit is shared with investors that assisted with the purchase of the Lots.<\/p>\n

As the website attempts to explain, this process is complex for many reasons that include locating items suitable for resale at a considerable profit.\u00a0 Then, if course, there is the process of conducting the sale.\u00a0 Since Auction House Sorta<\/a> is constantly displaying new Lots on its website, it would appear that these sales must take place a few times per week.\u00a0 That\u2019s a lot of work!<\/p>\n

At any given time the website will display three items (Lots) that a person can \u201cinvest\u201d in.\u00a0 For each Lot, you are given the following:<\/p>\n

Start date of work
\nSale date
\nMaximum and minimum investments
\nDaily interest rate
\nThe limit of investment (which I don\u2019t think is important)
\nExpected income<\/p>\n

Lots are posted for three days before the start date of work. These three days are your window of time in which to make an investment.\u00a0 After the start date, three new Lots will be posted and the process will begin again.\u00a0 So, to repeat, you will only see a set of Lots for three days along with their corresponding information below them.\u00a0 This information (such as daily interest rate) can change slightly with each set of lots.<\/p>\n

Let\u2019s try to clarify all this by referring to a Lot that is presently listed. \u00a0Right now, the calendar date is 3-16-17. \u00a0The start date of work is 3-19-17 and the sale date is 4-19-17.\u00a0 So, first of all, I would have three more days to make an investment — until the 19th<\/sup> of March.\u00a0 Once I make an investment, it will not accumulate interest until the start day of work (even though I might have made the investment a few days earlier).\u00a0 Then, it will accumulate interest till the sale date, in this case 31 days later.\u00a0 An interest rate of 4.3% is given.\u00a0 So, my total earnings would be 133.3% (31 x 4.3).\u00a0 My net earnings would be 33.3% since my principal is returned as part of the earnings.\u00a0 This checks with the expected income indicated with the Lot.<\/p>\n

The minimum and maximum investments allowed for this lot are $10 and $501.\u00a0 So, as an example, for an investment of $100, I can expect to earn $4.30 per day.\u00a0 After 31 days, I would earn a total of $133.30.\u00a0 My net profit would be $33.30 because my principal is included in the earnings.\u00a0 Since I am earning $4.30 per day, I would break even in 24 (100\/4.3) days, a week or so before the end of the investment term.\u00a0 I call this the nail-biting period.<\/p>\n

The other two Lots work in a similar manner but have different terms, interest rates, and minimum and maximum investments.\u00a0 Here they are along with the info for the first Lot that I just discussed — so that you will have a complete picture:<\/p>\n

Lot #1
\nStart date of work: 3-19-17
\nSale date: 4-19-17
\nDays in investment plan (time between these two dates): 31 days
\nMinimum investment: $10
\nMaximum investment: $501
\nDaily percent: 4.3%
\nDays to break even: 24
\nExpected income (days in investment plan x daily percent \u2013 100%): 33.3%<\/p>\n

Lot #2
\nStart date of work: 3-19-17
\nSale date: 5-4-17
\nDays in investment plan (time between these two dates): 46 days
\nMinimum investment: $50
\nMaximum investment: $1,501
\nDaily percent: 3.7%
\nDays to break even: 27
\nExpected income (days in investment plan x daily percent \u2013 100%): 70.2%<\/p>\n

Lot #3
\nStart date of work: 3-19-17
\nSale date: 5-18-17
\nDays in investment plan (time between these two dates): 60 days
\nMinimum investment: $100
\nMaximum investment: $3,001
\nDaily percent: 3.4%
\nDays to break even: 30
\nExpected income (days in investment plan x daily percent \u2013 100%): 104%<\/p>\n

You can see that, for the second two Lots, the interest rate is less while the term is greater than the first.\u00a0 These longer term investments are the key to greater income in these plans since your investment will be earning pure profit for longer periods of time (after the break even point).<\/p>\n

Auction House Sorta<\/a> has an affiliate program that pays you 10% of the deposit made by people you refer.\u00a0 However, unlike most HYIPs, it appears that you must have an active deposit in order to earn these commissions (\u201cTo have an opportunity to use our Partnership program, you shall have the minimum nominal of the active investments in the company.\u201d).\u00a0 Again, the English is so bad that it is hard to understand.<\/p>\n

Auction House Sorta<\/a> uses PerfectMoney, Pyeer, AdvCash, and BitCoin for deposits and withdrawals.\u00a0 While deposits are processed quickly, withdrawals are promised within 24 hours as they are processed manually.\u00a0 However, they are usually processed more quickly than that.<\/p>\n

Auction House Sorta<\/a> is basically an investment company with a new twist and you might want to consider adding it to your investment portfolio. \u00a0As usual, be a careful investor; diversify your portfolio, and never invest more than you can afford to lose.\u00a0 Good Luck!<\/p>\n

*********************<\/p>\n

To the Admin: We always welcome comments on our reviews — pro or con — and we will\u00a0publish them for our readers in EN\u00a0blog too.<\/p>\n

*********************<\/p>\n

If you like this review, please share it by using the social media buttons below.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

This is \u00a0SCAM project already! Do not invest there anymore! This is a very interesting website.\u00a0 Unfortunately, it is extremely hard to read because the use of the English language is so poor.\u00a0 A person … Auction House Sorta — Review<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":534,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-reviews","exalt-entry"],"yoast_head":"\nAuction House Sorta - Review - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=528\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auction House Sorta - Review - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"This is \u00a0SCAM project already! 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