How does bidding work?

2 min. readlast update: 06.07.2024

The Auction starts to close at 7pm. The Building Material Auctions have a 10 second closing stagger between consecutive lots. This feature is intended for bidders to follow multiple lots with ease. The first lot typically closes at 7pm and the following will close 10 seconds after that and this continues throughout the entire Auction closing time.

If bid is placed within 2 minutes or less on the lot that is closing the countdown clock will reset to exactly 2 minutes. Once the counter has completed the final 2 minutes with no bid, the lot will close and be sold.

Some items are "linked" together. This means that all of the lots linked in the same group will operate on the same counter and will close at the same time. If a bid is extended on one item in the linked group it is extended on all. The lot will appear on the catalog page and look like this: "Linked-10." Example: the five cabinets are linked, so if anyone bids on ANY cabinet set within the final 2 minutes, bidding on ALL five cabinets will be extended by 2 minutes. This feature is advantageous to bidders because it replicates a live choice situation. The benefit to a buyer with this tool is to ensure that they get all the lots in the group they desire, or if they are out bid on one preferred lot they have the time to bid on the second lot of preference.

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