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Rocket Man

Mark
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I’m watching that Monte Carlo auction and I see BAT extends the time by 2 full minutes every time a bid is placed to prevent “sniping”. That seems excessive to me but I’ve only bought one vehicle on an online auction, EBay. I don’t remember them doing this, definitely nit extending it by 2 minutes every time. That Monte auction has been extended about 20 times so far.
Edit: it sold while I was typing for $25,500.
 

mountie

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I’m watching that Monte Carlo auction and I see BAT extends the time by 2 full minutes every time a bid is placed to prevent “sniping”. That seems excessive to me but I’ve only bought one vehicle on an online auction, EBay. I don’t remember them doing this, definitely nit extending it by 2 minutes every time. That Monte auction has been extended about 20 times so far.
Edit: it sold while I was typing for $25,500.
I think the 2 minute extension is to allow a bidder to 'up' their counter offer, since a time delay due to 'online' ....... If they all were in the same room, the hands go up in an instant.
 
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