The length of an online auction varies from one website to the next. At Lots Of Auctions, most of our online auctions last six days. However, the length of time can vary based on several factors including the number of lots being sold and the type of auction. For example, our estate auctions often last a little longer than our typical auction.
Online auctions are different from live auctions where people meet in a physical location to bid on various items. These in-person auctions typically last one day or less. During an online auction, bidders place bids on multiple items over the course of several days. On the final day, the auction starts closing at the designated time.
Auction companies like Lots Of Auctions utilize a popcorn bidding system. The system automatically extends the end time of the auction when bidders place bids in the final minutes of the auction. This system ensures everyone has the opportunity to place their final bids before the auction closes. While popcorn bidding may extend the end time of an auction by a few hours, it won’t typically carry the auction into the following day.
Many people enjoy participating in online auctions. These auctions allow bidders to compete against each other for the items they want. This is typically much more fun than visiting your local department store. Another benefit, winning bidders can get name brand products at a much lower cost than possible anywhere else. Bidding starts at just $5 and most items end up selling well below their MSRP value.
Participating in Our Online Auctions
Before bidding in our auctions, you will need to register to bid. Registering is quick and easy and bidders pay absolutely nothing unless they win the auction.
When choosing an auction to bid on, it’s important to pay attention to the location of the auction. Although new locations get added regularly, we have daily auctions in Denton & Dallas, Texas as well as Cape Girardeau, MO. Winning bidders can pick-up their items immediately after the auction closes. This is why it’s important to participate in auctions close to your home or office.
Come and see what everyone is talking about. Register to bid today!