Quote:
Originally Posted by sox1903wschamp
From Matts post:
3) After 10 PM, anyone outbid on any lot, will get a personal 20 minute window of Extended Bidding (and normal Extended Bidding rules apply - bid on anything you have a qualifier on) from the time they are outbid. Anyone outbid on a lot from 9:40-10 PM will have a 20 minute window starting at 10 PM.
4) The auction ends (hard-ending) when the last bidder with a 20 minute window open decides not to place a high bid on any lot.
Can you answer one question, if no bids for 20 minutes on a lot after 10pm, this lot closes? If this is the case, what is the difference between this and the current system used by Legendary/Mastro and H&S outside of a 30 minute window?
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Sure - the lots don't close individually in our proposal. The whole auction has a soft close at 10 PM but all lots could be bid on after that point only during someone's 20 minute window. Only bidders who get outbid on a lot after that point will get a 20 minute window, so most people will be done bidding by 10 PM. The auction officially ends when the last guy who gets a 20 minute window lets his 20 minutes pass without becoming high bidder on any lot.
Conceptually - it's much closer to eBay where there is a fixed ending time - the only difference is that the effect of sniping is neutralized and only those people who are outbid have time to counter.