Quote:
Originally Posted by Leon
I am not sure but I think you might be misunderstanding the rules. In order to bid on something AFTER their extended bidding you have to bid on it before the auction enters extended bidding. Once they go into extended bidding you can only bid on those lots you have bid on already. But you can certainly bid on all of the lots in extended bidding which you bid on previously, until the clock runs out of time. I think we have almost all lost out on something we wanted to bid on because we hadn't bid on it in regular bidding. This rule is thought to make people bid sooner. Hope this helps?
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You described it how I understood it. I have limited funds. I am currently the high bidder on a lot (the only lot I bid on). If one of the previous bidders decides to outbid me on this lot after 9pm Thursday, then I can not redirect my bidding to another lot that I haven't bid on (because I don't want to over extend my budget and accidentally win more than I can pay).
It may be trying to get people to bid on certain lots sooner, but I like the idea of keeping all lots going in extended bidding for anyone who has placed a bid on at least one auction.