Quote:
Originally Posted by Flintboy
I keep reading about auction houses and “extended bidding” what’s the reason for it? Why not just say the auction ends on X date and time and high bid wins it? I continually read horror story after horror story about these auctions and it seems to always involve “extended bidding”. I always buy off eBay and here on the BST so my knowledge on auction houses is pretty non existent, hence my question.
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I thought it was to better simulate a live auction where a lot doesn't end at a specific time but stays open until no one wants to bid on it anymore.