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In my bid summary, I see that some of my bids are listed under a “Grace Period” section. Whats that mean?

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In my bid summary, I see that some of my bids are listed under a “Grace Period” section. Whats that mean?

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After you place a bid, you will have a 15-minute “grace period” in which you can retract your bid without penalty. So if you mistakenly enter an extra zero after your bid amount, you can just retract the bid and submit a new one. But 15 minutes after you’ve placed a bid, that bid will be permanent and cannot be retracted. Also note that “grace period” retractions will be unavailable during the last 15 minutes before the auction deadline. When I’m browsing through the list of lots, it shows me the start and end dates for each lot. But when I click on a lot description, it shows me that the ending date is the day AFTER the end date. What gives? The “browse list” of bids will show you the dates on which an auction lot can be bid on. On a lot description page, you will see the exact end time for the lot. Note that this time is at midnight (i.e., the very first thing) on the date listed. In other words, lots can’t actually be bid on on that date. Sorry; we know it’s confusing but we were st

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