Kjjavic has it exactly right.
Session One is the trading card portion of the auction. Initial bids must be placed by 10 PM Central time on the closing date, which is Thursday November 4th. At 10 PM, each individual lot begins a 30 minute countdown, which will restart every time a bid is placed. Only bidders who have placed a bid on that lot before 10 PM will be able to participate in the Extended Bid portion. When 30 minutes have passed on a lot without another bid, that lot will close.
Session Two is the memorabilia portion of the auction. The early bidding portion of that session will likewise close at 10 PM Central time on Thursday, but there will then be a Live Auction on Friday November 5th with the starting bid being the high bid at the close of the Internet bidding portion. In other words, if a lot stands at $550 at 10 PM on Thursday, it will open at $550 on Friday in the Live auction. There is no requirement to bid before the Live portion of the auction, so bidders may participate in any lot. Live bidding is possible either by requesting to bid by telephone, or by using our Heritage Live software which provides real-time streaming audio, video and bidding capabilities. And, of course, we welcome all visitors to our Dallas auction room to bid in person.
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