Internet - ONLY - Soft Close
Monday, October 19, 2015 at 7:00 PM CDT
Bidding Notice:
CREDIT CARD AUTHORIZATION FORM: Effective January 1, 2014, all online bidders will be required to fill out a Credit Card Authorization Form before their Absentee bids will be accepted OR before they are allowed to bid live via Live Auction World. This is required for each auction.
Auction Notice:
Online Auction - Internet Bidding Only
Soft Close Definition: When an auction uses soft close, the closing time of a lot is extended by 2 minutes when a bid is received on that lot in the last 2 minutes. Imagine that lot #10 is down to 5 seconds and a bidder places a new high bid. In a normal auction, that bidder would have "sniped" the lot. That is, they bid in the closing seconds which prevented any other bidder from countering that bid. With soft close enabled, when that bidder waits until 5 seconds are left to place the bid, the bid on the lot gets extended by X minutes thus giving other bidders a chance to raise their bids.