Thursday, April 30, 2020
Live Bidding Begins
Thursday, May 14, 2020 at 10:00 am ET
Much like our live auctions, this type of auction follows a traditional auction model where live bidding occurs one lot at a time. When a lot opens, the computer will execute absentee bids then give 15 seconds to allow for live bidding, issuing a Fair Warning before closing the lot. Each time a live bid is submitted, an additional 8 seconds will be given for further bidding. Once the lot closes, live bidding on the next lot begins. Users should expect the auction to average more than 100 lots an hour.
Absentee bids will be accepted up until the auction begins (for Lots 1 - 10) or 10 lots before the desired lot opens (for Lots 11 on). Live Auctioneers will notify absentee bidders if they have been outbid prior to the start of live bidding.
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