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What is extended bidding?

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.  

 For example: 

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.

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