Does REA use the 10 minute rule?

[philliesfan]

Just wondering if REA uses the standard 10 minute rule with their auctions? Or will their auctions end at 9:00 pm Eastern Time and not past.
Thanks,
Bob

[Casey2296]

Originally Posted by philliesfan

Just wondering if REA uses the standard 10 minute rule with their auctions? Or will their auctions end at 9:00 pm Eastern Time and not past.
Thanks,
Bob

If the Auction continues to 12:00 AM (Midnight) ET on the day after the Final Initial Bid Day (technically the morning of Monday, March 25, 2024), extended bidding will commence, and each lot will switch to a 15-minute lot-by-lot closing. During this lot-by-lot closing, an individual 15-minute clock will appear on each lot page. A bid on a specific lot will cause the countdown clock to reset. If the countdown clock reaches zero, the lot will close. Please note that during the extended bidding period past 9:00 PM ET on the Final Initial Bid Day, the automatic clock on each individual lot page DOES NOT reset after each bid but rather it counts down to zero and then must be refreshed to view the time remaining. Refresh the page frequently for any lot on which you desire to continue to bid during the extended bidding period. The best method to watch the pace of the Auction during the extended bidding period is by using the “Recent Bids” page

[philliesfan]

Awesome. Thanks for the details!
Bob