What is Extended Bidding?

All auctions, with the exception of the 10 minute auction format, are set up with a 10 minute extended bidding period. The extended bidding period is initiated once an auction countdown is below 10 minutes. During the extended bidding period, all new bids reset the auction countdown to 10 minutes. An auction ends when no new bids are entered for a full 10 minutes. Each auction is on an independent timer so auctions will end at different times. This functions the same as the “going once, going twice…” that you would see in a live auction.