The timer shows the time remaining to bid for that auction. Once the timer counts down to zero (0) no further bidding is allowed.
If a bid is placed during the last 5 minutes of the auction, the closing time will be automatically extended for an additional 5 minutes from the time the last bid was placed. The auction will close once all bidding activity has stopped.This is recommended for high value & popular items. Popcorn bidding prevents bidders from waiting until the last minute to bid without giving the bidders who were outbid an opportunity to rebid.
The highest bidder upon auction's closure is declared the auction winner as long as the reserve price has been met. When the reserve price for an auction is not met by auction close, no winner will be declared even though there may have been bids received.
Comments
0 comments
Please sign in to leave a comment.