Considering a $1 - BST Live Auctions - Rule Change

[Leon]

The recent Front Page Auction of the Exhibit Cobb, by Tim (hi Tim), got me to thinking that is probably a better way to do them. So, I thought I would see what ya'll think aboujt a rule change? This change will be for the $1 Live Auction section in the BST area.

To those that don't know, there is a small section for Live Auctions, which start at $1, in the BST area.


The Rules Would Go-

From-

1. Auctions end Sunday at 8pm CST, a bid at 8:01pm CST is not good.
1b. A tie goes to the first bid.

2. Starting bids on all auctions $1.



To:

"Auction rules: Opening bid is $1. **Bid increments are $1. Bidding ends Sundays, 8PM CST. Bid at 8:00 is good, bid at 9:01 no good.

*To prevent snipe bids, a bid that occurs in the last five minutes of the auction will add 5 minutes to the auction. So, a bid at 8:58 will extend the auction to 9:03. A bid at 9:01 will extend the auction to 9:06. Etc. This will continue until the 5 minute window expires with no new bids."

I am thinking about adding another line that says

"**Bid increments after 8pm CST must be in $5 increments."
Otherwise, someone can keep bumping $1 for quite a while, but maybe not?


Thanks for reading!


and a card...(that won't be over there)