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#1
10-21-2010, 07:20 PM
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Heritage Auction
I was reading the Heritage rules and procedures for their upcoming Sports Collectibles Auction and am confussed by their bidding rules.
They write about the 30 minute extended bidding time and explain that you can continue to bid on items if you have placed a single bid before the extended bidding begins. I thought that once bidding ends, the lots will then be offered again during the live sessions. Does that mean I don't have to bid until the live sessions? It also looks like if there is only 1 single bid, they write that you win the item. Does that mean that 1 single bid stops the item from appearing later on in live bidding? 
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