1 . Monitor the Auction Close: It's recommended to be present during the closing minutes of the auction as bidding activity often increases during this time. Refreshing your screen occasionally can ensure you're up to date with the latest bids, as notifications may not always be reliable. First Lot starts closing 7pm, May 11th.
2. Max Bid Feature: This feature allows bidders to enter the highest bid they are willing to go on an item and the system will bid on their behalf. For example, Lot 25 is currently at $50. You enter a bid of $200. The system will bid $55 for you. The lot will stay at $55 until someone else bids $60. At that time, the system will bid $65 for you. This will continue until either no one else bids and you win, or your $200 is reached. Max bid is also the reason you may be outbid as soon as you enter a bid. If someone has a max bid entered, the system will bid for them every time you bid, until their max is reached.
3. Tie Bids: In case of a tie bid, the first person to enter the bid is considered the high bidder. So, if two bidders enter the same amount, the earlier bid takes precedence.
4. Soft Close: This mechanism prevents auction sniping by extending the closing time of an item if a bid is placed within the last few minutes. This gives other bidders a chance to respond, similar to the process in a live auction where bidding continues until there are no further bids. If an item is scheduled to end at 7:15, and a bid comes in in the last 2 minutes, that item will be extended by 2 minutes to a 7:17 close time, this gives others time to react and enter another bid if they so desire.
5. Notifications and Responsibilities: The auction platform sends out email notifications and invoices after the auction ends. However, it's the bidder's responsibility to check their account to see if they've won any items and to attend the pickup times as specified in the auction details.
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