2.1 What is the difference between Timed and Live Auctions

When the “time left” has run out, the Timed Auction is closed and the Lots are assigned to the higher bidder: the Timed Auction has no Live Session.

Conversely, on a Live Auction the customer has another opportunity to bid after the Absentee session, participating to the Live session of the auction, where each lot is closed sequentially in real time by the auctioneer when no new bid is received.

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