Auction Empress Star $20 - 1 barrel (1 Viewer)

[RainmanTrail]

Does that mean my bid of $145 stands as the winning bid? I'm thinking probably it should.

Yes. Your bid at 7:48pm of $145 is the winning bid per the auction rules. My bid didn't post until 8:01 on the server, and since no bids were placed within 5 minutes of the 8:00pm closing time, it was invalid per the rule quoted below.

"Highest bid at 8 pm Pacific on Monday December 17, 2018 will win unless there is a bid within 5 minutes of closing time - then the closing time will be 5 min. after the latest bid was posted."

 

[RainmanTrail]

Doesnt this "unless there is a bid within 5 minutes of closing time - then the closing time will be 5 min. after the latest bid was posted." mean the bidding is open until 8:05?

Good to know if it doesnt. I was considering making a bid at 8:04.

I don't think so. Closing time is 8:00pm unless there is a bid within 5 minutes of closing time, which there was not, so the auction doesn't get extended.

I think the confusion is coming from people reading the "within 5 minutes of closing time" as meaning within the 5 minutes AFTER closing time, but that's not the intention of the rule. The auction ends at 8:00 unless there is a bid placed after 7:55, which would extend it. There were no bids between 7:55 and 8:00, so mine was late. Even though a bid at 8:01 is "within 5 minutes" of the auction closing time, the auction wasn't extended, so it was already over.

Or so that's how I interpret the rule.

 

[grantc54]

I don't think so. Closing time is 8:00pm unless there is a bid within 5 minutes of closing time, which there was not, so the auction doesn't get extended.

I think the confusion is coming from people reading the "within 5 minutes of closing time" as meaning within the 5 minutes AFTER closing time, but that's not the intention of the rule. The auction ends at 8:00 unless there is a bid placed after 7:55, which would extend it. There were no bids between 7:55 and 8:00, so mine was late. Even though a bid at 8:01 is "within 5 minutes" of the auction closing time, the auction wasn't extended, so it was already over.

Or so that's how I interpret the rule.

This makes sense once you explain it. I was reading it as after when it is referring to before.

Thanks
Grant

 

[navels]

makes sense.

 

[Balanar]

I don't think so. Closing time is 8:00pm unless there is a bid within 5 minutes of closing time, which there was not, so the auction doesn't get extended.

I think the confusion is coming from people reading the "within 5 minutes of closing time" as meaning within the 5 minutes AFTER closing time, but that's not the intention of the rule. The auction ends at 8:00 unless there is a bid placed after 7:55, which would extend it. There were no bids between 7:55 and 8:00, so mine was late. Even though a bid at 8:01 is "within 5 minutes" of the auction closing time, the auction wasn't extended, so it was already over.

Or so that's how I interpret the rule.

Agreed that "within" causes confusion as it might mean that a bid between 7.55 and 8.05 might be valid.

Would the simple act of replacing "within" with "before" solve this?

 

[navels]

congrats @DMZ! i’ll get back to you later, dealing with a sick dog.

 

[RainmanTrail]

At least in this case, it looks like the same person would have won either way. I was willing to go to $160 but not $170. So at least no one missed out on these who otherwise would have gotten them.

But ya, maybe in the future we should change the template to read "within the 5 minutes before auction close" instead of "within 5 minutes of auction close". I can see how that might have confused some.

 

[ReallyGoodUsername]

Both made stirring arguments for the yay and nay votes.

I always took it to mean 5 minutes before 8:00 otherwise it’s mean that the actual auction end times are always 5 min after the posted end time which is just going to confuse a whole lot of people.

Nice pick up @DMZ !

 

[DMZ]

congrats @DMZ! i’ll get back to you later, dealing with a sick dog.

Sounds good. I hope your dog is ok and not too seriously sick.

 

[ovo]

I think the ES 25's are better looking chips, colors are more balanced