Extended Bidding

Starting on May 19th, we are happy to announce that we’re introducing the extended bidding feature to Liquid Auctions!

With extended bidding, users won’t have to lose out on a bid because time ran out. Bidding will be extended by an additional four minutes for all items bid before their initial closing time. Please note that you must place a bid on the item prior to extended bidding in order to participate. If you wish to watch a listing while it’s in extended bidding, place a bid or add it to your watchlist before the initial listing expiration. Then access the listing from your Manage Bids / Watchlist screen.

How does it work?

1. Users will be able to participate in extended bidding for all items they place a bid on prior to their initial closing time. For example, if an item is scheduled to close at 9:30 pm EDT, a user must place their first bid before 9:30 pm to be eligible for extended bidding.

2. After the item’s initial closing time, bidding will then be extended for an additional four minute period. During this window, all bidders who placed a bid prior can bid again.

Using the previous example, the first extended bidding window for an item ending at 9:30pm EDT will run until 9:34 pm EDT.

3. Each time an additional bid is placed, bidding will then be extended by another four minute period, meaning if you place an additional bid at 9:31pm EDT, this will extend the end time to 9:35 pm EDT.

4. Extended bidding on an item will end when there is no further bidding for a four minute period. Liquid Auctions will be considered fully closed once extended bidding is over for all items.

 

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For any questions or feedback, please feel free to contact support@onlyalt.com and we will be happy to help.

 

 

 

 

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