Hi Everyone,
Just a reminder that the REA Fall Auction ends this Sunday, October 30 utilizing our new closing method designed to conduct extended bidding, and ultimately the auction close, during more reasonable hours when everyone is more likely to be awake (no more 5 AM closes).
A few important reminders:
You can visit and browse the auction on
our website at any time.
Initial bids MUST be placed by 12 PM Noon Eastern (9 AM Pacific) on SUNDAY, October 30. IF you have not bid on an item prior to Noon, you may not bid on it during extended bidding after Noon.
If you are not registered to bid, you may still do so by filling out our
registration form.
The entire auction ends at once; items do not end lot by lot or individually (unless an item has received only one bid entering extended bidding).
Bidding will continue until no bids have been placed for a period of 15 minutes throughout the entire auction.
If the auction is still going at 6 PM EST (which it almost certainly will), we may end the auction at any time without reference to the 15 minute rule.
We encourage bidders to follow the action by watching the
300 most recent bids on our website.
If bidding is slowing down, we will send out a warning email essentially stating, "Bidding is slowing down and we don't know exactly how much longer the auction will go."
This always spurs more bids, so we will monitor this activity until it slows down again, at which time we will send a "Fair Warning" email. This email is designed to be a final warning that the auction close is imminent and all final bids should be placed.
Under no circumstances will the auction continue beyond 12 AM Midnight Sunday, but this should be not be interpreted as a guarantee that the auction will continue that long. We highly advise not to wait until closer to Midnight to place your bids. Extended bidding under the old closing method died down after 7-8 hours (9 PM to 4-5 AM) so use this as a guide. The emails described above will be important guides to the likely auction closing time.
If you have any questions, we encourage you to call or email at any time as we will be fully staffed all weekend.
Good luck to all buyers and sellers!
Robert Edward Auctions
info@robertedwardauctions.com
908-226-9900