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I have been following Bring a Trailer auctions for some time now. There is no "buy it now" feature; you have to wait until the auction ends. Unlike eBay, there is also no sniping. Any bid within the last two minutes of the auction will reset the clock. So if a bid is $20,000, for instance, with a minute and 30 seconds to go, someone could bid $21,000, and from the time they bid there would be two minutes more for someone to bid. That process continues until no more bids are placed within two minutes. Some auctions get extended five, 10, or even 20 minutes. Then, either the car is sold, if it reached its reserve, or the auction is closed, and it is noted that the car did not meet its reserve. During the auction, no one other than the seller (and BaT staff) knows what the reserve is, so they don’t know when it has been met. The only exception to that is that some auctions are listed as no reserve auctions from the very beginning. Obviously, in that case, the car is sold to the highest better. If the reserve is not met, the seller is given the high bidder‘s contact information, and they are invited to work out a private deal. No private deals before the auction ends are allowed. There is a fee to the seller to list your car, and I believe a 5% buyers premium is charged with a maximum of $5000. Normally, cars are only listed once, but in fairly rare circumstances, they may be relisted a second time, usually at a much later date. Extensive and open dialogue among people watching the auctions is encouraged. In some cases, the comments are very positive, and in others, they can be very negative. In some cases, valuable insights are provided to people who may not be completely familiar with the marque. For example, 300 club members could contribute a wealth of knowledge via the comments section, especially with regard to just how rare, valuable, and interesting letter cars are. In many cases, the comments don’t pertain specifically to the car in question, but relate to the marque in general. Most of the heavy bidding seems to come in the last 5 to 10 minutes of the auction. It can be very exciting to watch, and I thoroughly enjoy perusing the website. You can look up information on almost any car, view prior auctions, and the comments can be quite illuminating. I think it’s well worth a look for car aficionados. Hope that helps. Shannon Steele 300F convertible "Kindness to animals may be the best measure of a person's character." On Oct 30, 2019, at 4:06 PM, 'Allan Klotz' allan.klotz@xxxxxxxxxxxxxxx [Chrysler300] <Chrysler300-noreply@xxxxxxxxxxxxxxx> wrote:
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