The Auction Profile contains the rules that you set up for each auction, governing how it should be conducted. For example, auctions held in different states will have different sales taxes rates and laws that you have to follow. Your Buyer's Premium policies and rates may vary auction by auction. In the profile, you'll also set up the name and date of the auction, basic defaults for consignor commissions and your preferences for creating invoices and reports.

There are sections of the profile to set up your online auctions, too, including bidding rules, opening and closing schedules, photo management and any other requirements you want to set. All of the text and instructions that appear in your online auction are managed in the profile.

Because many of the profile settings may stay the same from one auction to the next in your business, it's easy to save them as a default and have them repeat in each new auction to save time.