Run property auctions lot by lot — reserve to completion
A standalone auction workbench for every lot: guide price, confidential reserve, bidder registration, hammer price and the binding completion deadline — in one auditable record, with no third-party real-estate module required.
The problem
A property auction is not a simple sale. Each lot carries a guide price, a confidential reserve, a registered field of bidders, a hammer price distinct from any agreed value, and a legally binding completion deadline. Teams track this today in spreadsheets and email: reserve figures sit in free-text notes, bidder lists live outside the system, and no one can report on performance by auction house, agent or month.
The solution
Property Auction Sales gives every lot a single structured record: guide, reserve and hammer pricing, a visual catalog, bidder registration, a disciplined draft-to-done status workflow with full audit trail, a completion-deadline tracker, and a one-click draft invoice from the hammer price — all standalone, with no mandatory real-estate dependency.
Everything an auction lot needs
Every capability below is implemented in the module.
Visual lot catalog
Browse every lot as an image-led kanban card with guide, hammer, reserve and sale-type status at a glance — not just a list, the way a buyer actually scans a catalog.
Structured lot record
Lot number, auction house, sale type, guide price, reserve and hammer price each get their own field — no more reserve figures buried in free-text notes.
Auto-sequenced references
Every lot and deal gets a predictable reference such as AUC/2026/00001, so lots can be cited unambiguously in catalogs, invoices and legal correspondence.
Bidder registration
Register bidders on each lot with paddle number, deposit status and maximum bid, and mark a single winning bidder directly on the lot.
Reserve-not-met handling
Reserve status (met, not met, not sold yet) is computed and shown directly on every lot. A hammer price below reserve is blocked from confirming and is routed to Mark Unsold instead.
Draft-to-done workflow
A disciplined status bar (Draft, Confirmed, Completed, Unsold) with full chatter history, so every change is defensible in a reserve or completion dispute.
Completion-deadline tracking
Set a configurable binding completion window (28 days by default) on every lot and see days-to-completion and overdue status surfaced on the record and in the list.
Bid-to-invoice continuity
Generate a draft customer invoice straight from the hammer price with one click, visible on the lot through a smart button and live payment status.
Deals, houses & reporting
Group lots under a parent deal with one-click navigation, track every auction house as reference data, and view a shipped pivot and graph on results by house, agent and month.
How it works
Create the deal & lots
Open a deal for the vendor instruction, then add each lot with its auction house, sale type, guide price and reserve — or bulk-import a whole catalog.
Register bidders
Register each eligible bidder on the lot with their paddle number and deposit status ahead of the sale.
Record the hammer & confirm
Mark the winning bidder, enter the hammer price and confirm the sale — the reserve check and completion deadline are handled automatically.
Invoice & complete
Generate the draft invoice from the hammer price, chase the binding completion deadline, then close the lot as Completed.
Frequently asked
No sales fog. If your question isn't here, email us and we'll answer it the same way.
No. Property Auction Sales is standalone and depends only on core Odoo (Base, Discuss/Mail and Accounting) — there is no mandatory third-party real-estate dependency to install or maintain.
Buy it on the Odoo App Store
Purchase, download and install directly from the official Odoo Apps Store — you'll always get the latest supported build.
Property Auction Sales
A visual lot catalog with guide price, confidential reserve, bidder registration and completion-deadline tracking — from hammer price to a one-click draft invoice.
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