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About Dynamic Auction Closing
As of May 10th, 2013 we have changed our dynamic closing feature.
Changes to our Dynamic Closing Feature.
1. First Hour the extended bidding will go in 5 minute increments. (Like Before)
2. Second Hour the extended bidding will be in 2 minute increments.
3. Third Hour will be 1 minute increments, and will continue until the auction goes a period of 1 minute without a bid.
If a bid is placed within 5 minutes of the scheduled auction closing time, the whole auction will extend by an additional 5 minutes. The auction will continue with the new scheduled closing time. This process will repeat itself for an hour at which time the extended period will go in 2 minute increments time until no one places a bid. On the third hour the extended bidding period will on in 1 minute increments.
Use the max bid feature to have the system automatically bid for you if you are unable to attend the closing of the auction.
We use this Dynamic Closing to help ensure that all interested bidders get a chance to place a winning bid for any item they are interested in.
Please note that some auctions have extended for over 3 hours.
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