How do Online Auctions Work?
Online auctions work just like live auctions only the bidding is done from your computer. You simply register and place bids on items you wish to purchase. There is a lot of activity near the end of an online auction so we added a “max bid” feature that allows you have a maximum bid without raising the current bid. All of our online auctions work much like a live auction. Lots will start to close at the advertised time at a rate of one lot per minute. If there is bidding activity close to the end of the time the lot is to close then bidding will automatically remain open for three additional minutes. This will continue until bidding ceases thus working much like a “live” auction.
Online auctions work just like live auctions only the bidding is done from your computer. You simply register and place bids on items you wish to purchase. There is a lot of activity near the end of an online auction so we added a max bid feature that allows you have a maximum bid without raising the current bid.
