[sb1]

Paul,

The 15 minutes go by the quarter hour, the clock resets at the top of the hour, 15 after, 30 after and 45 minutes after. When no bid is received in one of those 15 minutes periods the auction will end automatically. At this point so many bids are being received this is irrelevant. Once bidding slows down the 15 minute period will be more of a factor.

Scott