Simultaneous (SIM) auctions conclude via a timer system.
The timer will become visible at the top of the auction at the time designated by the Selling Agent or as otherwise determined by AuctionsPlus.
The timer will decrease incrementally in a countdown predetermined by the Selling Agent(s) or AuctionsPlus, for example the timer may begin at a 60s countdown and decrease in 10 second increments until the timer is running a 20s countdown.
Every time a bid is placed, on any lot in the entire auction, the timer will restart to the current timer increment and begin to count down again. All lots in a SIM auction close together, meaning all lots remain available until the sale finishes. The auction will remain open dependent on the amount of bidding activity across the entire auction.
When you are bidding in a sale and holding a lot, the lot will remain green and only turn red if you are outbid. Once outbid, you have the time left shown on the timer to decide if you will place another bid before the auction could close.
When the timer appears, this indicates that the auction is progressing towards closure. It does not necessarily indicate that the auction will end when the timer reaches zero. The timer may reach zero and begin counting down again. As the Auction progresses towards closure, and there is no remaining bidding activity, the timer length can shorten and eventually the auction will conclude.
The timer may reset and keep the auction open, even if there are no bids during the countdown period. While an auction is running the screen will display the state of the auction as “Running”. AuctionsPlus does not guarantee when an auction will conclude after the timer starts. When the auction has concluded, you will be exited from the auction screen and the below message will be displayed.
