What is LIVE Extended Mode and how does it work?
LIVE Extended Auction Mode will begin at 3:00 P.M. Eastern Time Zone the day of the auction. There will be concurrent 5 minute periods in which to modify bids. If there is any bidder activity on a given lot within the initial 5 minute period, regardless of when the activity occurs, that 5 minute period will proceed for the entire 5 minutes and a new 5 minute period will start. Bidding will continue until there is no activity for any 5 minute period on any given lot. This procedure eliminates “sniping” and gives all participants the same chance of winning any given lot. Only those bids originally processed through our On-line Bid Cart System can participate.
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