Every lot has a scheduled closing time. However if there is active bidding within 3 minutes of the scheduled closing time for an item, that item will remain open until 3 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.
Lot scheduled to close at 6:30 p.m.
Bid placed at 6:29 p.m.
New close time is 6:32 p.m.
Bid placed at 6:31 p.m.
New close time is 6:34 p.m.
No new bids received; item closes at 6:34 p.m.
K-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.