Knowledge Base Equip-Bid Most Asked Questions Bidder FAQ

            How did I get outbid after the auction close time? (Extended Bidding)

            Every lot has a scheduled closing time.  However if there is active bidding within 5 minutes of the scheduled closing time for an item, that item will remain open until 5 minutes have elapsed with no new bids.  Using the refresh button will allow you to see exactly how much time is left before an item will close.  

             For example: 

            Lot scheduled to close at 6:30 p.m.

            Bid placed at 6:29 p.m.

            New close time is 6:35 p.m.

            Bid placed at 6:31 p.m.

            New close time is 6:36 p.m.

            No new bids received; item closes at 6:36 p.m.

             

            EQUIP-BID's goal is to emulate the live auction process. This practice reduces tactics like bid sniping and ensures that all bidders have a chance to participate in the items that they want.

            Updated: 24 Apr 2018 04:27 AM
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