there are any bids within 5 minutes of the close of the auction, the close time for that specific item will be extended in 5 minute increments until there are no bids by the end of the following 5 minute block. For example:
If listing 1234 receives a bid at 4:56pm on Friday (4 minutes before the close of the auction), the close time for that particular lot will be extended to 5:05pm. If that lot receives another bid at 5:04pm, the close time is extended to 5:10pm. If there are no more bids between 5:05pm and 5:10pm, the lot will close at 5:10pm.
There is no limit to the number of times an auction can be extended. Therefore, EquipNet, Inc. recommends that you check back often as an auction nears closing time.
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