Quote:
Originally Posted by Al C.risafulli
I can explain it pretty well!
The entire auction remains open on the 15-minute rule beginning at 9pm Eastern. If you are the ONLY bidder on a lot at 9PM, you won it. Go to bed!
At 1AM, any lot that hasn't received a bid within the last hour will close, all at once. Most auctions, 90-95% of the auction is closed at 1AM. If you are the high bidder at 1AM and the lot hasn't received a bid since before midnight, it will be marked as "Closed," and bidding on that lot is over. Go to bed!
The only lots that remain open after 1AM are the ones that have had active bidding after midnight. For those lots, we let them stay open until the bidders are done bidding. Those remaining lots remain open under the 15-minute rule. Usually, that's about 40-60 lots. If you're a bidder on one of those lots, keep bidding til you're done. We will generally send out a fair warning email if we need to after 3AM so the handful of people still bidding can finish up.
As is the case with all of our auctions, for most of you, the auction is over at 1AM Eastern.
We send out invoices on MONDAY NIGHT.
Hope this helps!
-Al
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What a novel concept...the business in question itself could answer the question directly and completely. Who would have thought that was even possible.
Imagine the time we save going straight to the source?
I know we all love to start new threads and come here for answers but usually the closest distance between two points is a straight line.
08-20-2022, 01:02 PM
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