Quote:
Originally Posted by jrog007
The Brockelman & Luckey auction will close with an “open-ended” 15-minute rule. Like a standard 15-minute rule auction, the sale will go into 15-minute rule mode starting on closing day at 9 p.m. EST. However, under the “open-ended” rules, ANY bidder can bid at ANY time on ANY lot in the auction, either before the start of the 15-minute rule or even after the 15-minute rule begins. Hence, even if a bidder has not bid on any particular lot in the sale, under the terms of the “open-ended” 15-minute rule they are able to bid on any lot in the sale even after that start of the 15-minute rule. The extended bidding period will continue until there are no new bids on any item in the entire auction--either by phone or via the internet--for a period of approximately fifteen (15) minute interval. At that time, the auction will close.
Tbob,
In the terms and conditions portion of the website, it was stated that anyone could bid on any lot at any time until the close of the auction. I lost one at like 2:30 AM. I was sound asleep by then.
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In big red letters during extended bidding didn't it state that you had to have a bid on an item prior to a certain time in order to qualify? I could be mistaken, but I though I saw as such.
James