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zachclose21 11-03-2013 07:54 AM

New to online Auction
 
So I was bidding on 2 lots on mears auction last night and there was a 15 min rule. The way I read it was that if someone bid after 9pm the 15 minute clock will start over. I was the high bidder from 9 to 1:59 am with no one else bidding and at 2 am the auction ended and I was outbid by 10%
I was just curious if someone knows how this actually works
Any help would be great
Thanks zach

Jay Wolt 11-03-2013 08:23 AM

There are many different rules pertaining to different auction houses.
W/ Mears, anyone can bid on any lot at any time in extended bidding. The 15 minute
rule means when no one bids on any lot in extended bidding, all the lots are closed.

D. Bergin 11-03-2013 08:24 AM

You can bid in any lot in Mears up to closing time as long as you have placed a single bid on any lot before 9pm. It doesn't have to be the that specific item,


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