Each lot has an individual auction closing time as stated on the Lot Detail screen, with lots in an auction generally closing two minutes apart. Any bid placed within the last 5 minutes of a lot’s closing time will extend the lot’s period of bidding by up to 5 minutes to allow time for counter bids. These extensions will continue indefinitely until there is no more bidding activity on the lot for a period of 5 minutes.

The extension of one lot’s closing time does not affect other lots’ closing times therefore it is possible that lots will close out of numerical lot order.

Once the bidder has accepted the auction Terms & Conditions, bidders can submit bids incrementally as per the next possible bid as indicated on the bidding screen or they can submit a maximum bid.

Upon entering bids they are asked to confirm their bid and again asked to accept the auction Terms & Conditions.  The screen also confirms that the bid cannot be cancelled.

A maximum bid is strictly confidential and can not be viewed by any other bidder. A maximum bid allows the bidder to place a bid for the maximum level that they are willing to bid and the system will then bid on their behalf up to their maximum amount. Their bid will always be at the lowest possible level subject to the reserve price and any other bids placed on the lot. If no other bids are placed on a lot then the bid will be no more than the reserve price for that lot. If other bids are placed on the lot their bid will only be one increment higher than the highest other bid, up to their maximum. If there are two or more equal bids submitted on a lot then the bid submitted first will take precedence. A bidder can increase their maximum bid at any time without any possibility of bidding against themselves.

Their maximum bid level will show underneath the bid box. It will also show under Active Bids in My Profile.

In a Timed auction, a bidder CANNOT withdraw their bid as advised at the point of confirming their bid. If you are willing to allow for their bid to be withdrawn you will need to do this within Lot Management.