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#28
04-26-2014, 02:39 PM
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Just to clarify the ending process for those wondering:
9 PM EST is the deadline for initial bids to be placed. You must have an initial bid placed on any item you wish to pursue during extended bidding. At 9 PM EST, extended bidding begins and the ENTIRE auction will stay open until no bids have been received on any item for a period of 15 minutes. We encourage everyone to use the Recent Bids feature tonight to get an idea of the action as the night progresses. http://bid.robertedwardauctions.com/recentbids.aspx As many can attest, it's a great way to see what's getting bid on and to gauge the activity level. If bids are coming in at 100 per 5 minutes, then the auction is clearly still in full swing. If they start slowing down to 5 minutes between bids, then the auction is clearly slowing down and could close soon. After 12 AM EST (midnight), we may close the auction any time without reference to the 15 minute rule. Historically, the auction has stayed open until after 3 AM EST (including past 4 AM EST last year), but there is uncertainty after 12 AM EST (midnight). We encourage everyone to consider using the Honest Auto Bid system to leave bids as it gets later in the evening. For more information on the auction closing and raising or lowering autobids, please go to our website: http://blog.robertedwardauctions.com...1&preview=true We're in the office all day and night if anyone has questions. Good luck to all! Brian
__________________
REA - A Signature Approach to Collectibles 
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