INSURANCE LIQUIDATORS - Extended Bidding

What does Extended Bidding Mean?

Extended bidding allows all bidders a fair chance to bid before an auction closes on a specific vehicle.

How Does Extended Bidding work?

If a bid is entered within the final 3 minutes of the original closing time, the auction will be extended by 5 minutes from the time in which the auction on that item was scheduled to close. If a bid is then placed within the last 3 minutes of the extended period, the auction will be extended again for 5 minutes and so on....

Can you give me an example?

An auction is scheduled to close at 6:00 PM EST (3:00 PM PST) and a bidder enters a bid on a vehicle at 5:58 PM EST. The auction will be automatically extended by 5 minutes. The auction will now have a close time of 6:05 PM EST. Another Bidder then places a bid at 6:04 PM EST. The auction will now have a close time of 6:10 PM EST. The listing will continue to be extended until there are no new bids placed within the final 3 minutes of the auction.

How can I tell which vehicles have been extended out of all the vehicles on the Current Auction?

Refreshing your web browser immediately following the original Auction Closing time will show you only the vehicles that have been extended on the "Current Auction." You may bid on any of these vehicles you wish so long as the auction has remained extended on the vehicle you wish to bid. If the time has elapsed, you will not be allowed to bid. Refreshing you browser immediately following each 5-minute period will continue to show only the vehicles remaining. If refreshing the browser brings up no vehicles, then there are no remaining vehicles to be bid on the Current Auction. Auction Results will be shown by bringing up the auction on that date after bids have been submitted for Vendor Approval.