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Showing 1 to 2 of 2 auctions
Date(s) 4/3/2020 - 4/5/2020
Bidding Notice: All items are sold "As Is, Where Is" SOFT-CLOSE > SNIPING: Typical internet-only auctions (think eBay) are susceptible to a practice called sniping. Auction sniping is the practice of a bidder waiting until the very last second to place a winning bid on an item with the hope that other bidders do not have time to raise their bid. The intent of sniping is to win an item below the potential high bid (market value). By using a soft-close in our online auction we have eliminated this practice. A lot using a soft-close ending time will automatically have its bidding time extended if a bid is placed in the last minute. Our soft-close setting time is 1 minute, if a bidder waits until the very last second to place a bid on lot 5, the bidding on lot 5 is extended for 1 more minute. This gives other bidders 1 more minute to re-raise their bid. It is not uncommon for a high-interest lot to extend hours past its original close time because multiple bidders keep bidding and extending the close time on the lot.
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Date(s) 4/3/2020 - 4/5/2020
Bidding Notice: 15% Buyer's Premium, 3% Reward for Cash or Check 8.265% Washoe County Tax
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