Auction end time
Author
Discussion

projectgt

Original Poster:

321 posts

188 months

Tuesday 22nd November 2022
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A well known car sales website who more recently adopted an auction function, appears to freely add up to 18+ minutes onto an auction end time in 3 minute additions until they are satisfied with the price achieved - is this legally compliant?

I have no beef, just curious as I observed an auction draw to a close only to keep going and going.

South tdf

1,814 posts

223 months

Tuesday 22nd November 2022
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Is quite common, DVLA reg auctions do it with 30 minute extensions.

CLX

380 posts

85 months

Wednesday 23rd November 2022
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It's normal. It's to stop 'snipers'

brillomaster

1,831 posts

198 months

Wednesday 23rd November 2022
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to be honest, sellers would achieve better prices on conventional auction sites if they added time onto the end. thats how actual auctions work - they dont end the auction right in the middle of a bidding war!?!

ARFBY

526 posts

161 months

Wednesday 23rd November 2022
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Bring a Trailer do this, it's a fair way to do business I think.

"Sniping protection extends the auction click by two minutes
each time a bid is placed, giving everyone a fair chance to place their maximum bids."