HauteBid is an auction site where consumers can participate in auctions of luxury items, such as watches and jewelry through the purchase of bids. Auctions have a short countdown clock and each bid will reset the countdown clock until the countdown reaches 0. Winning bidder will pay the final auction price, which generally is at a significant discount from retail and items are shipped directly to the winner. HauteBid is scheduled to launch in the Fall of 2018 and is backed and managed by industry veterans.