![]() This feature works great with the auto-extend feature to closely emulate a live auction.Īll property is sold in “AS IS” and “WHERE IS” condition. Please check the auction announcements for detailed information regarding these intervals. Please monitor the countdown timer to see when the lot will close. If it is equipment and has 150 lots or less, then we will close the auction approx 10-25 lots at a time, all in 5-minute intervals. If it is a large auction then it will be 75-100 lots at a time. Depending on how large (# of lots) an auction is, then we set the auction to close so many lots at a time. Staggered Closing: This online auction closes in intervals. The auto-extend feature remains active until no further bids are received within a 5-minute time frame. ![]() For example: if an auction scheduled to close at 6:00 receives a bid at 5:59, the close time will automatically extend 6:04. If a bid is placed in the final 5 minutes of an auction, the close of the auction will be automatically extended 5 minutes from the time the bid was placed. ![]() Online Auctions also have an auto-extend feature. Online Auctions are timed events and all bidding will close at the specified time. The sum of the winning bid plus the Buyer’s Premium will be the sales price.įord Brothers, Inc. PAY / PICK-UP DATE: Tuesday, April 27th, 2021 from 12:00 noon to 6:00 p.m.īuyer's Premium: There will be a 10% Buyer’s Premium added to the winning bid. PREVIEW DATE: Monday, April 26th, 2021 from 12:00 noon to 6:00 p.m. ![]()
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