Sold Majestic Star $500 leaded rack - Carnth's $1 auction (1 Viewer)

[Carnth]

It has been brought to my attention that @greenchip's last bid may not be valid.

I declared greenchip the winner based on....
The prior bid was placed at 11:29pm... Which extended the auction by 5 minutes.
Greenchip's bid was placed 5 minutes later.
I'm on a phone and can't "mouse over" or hover over the times.

But if that was a valid bid depends on how you interpret the rules of the auction.

In the OP of every auction, you can see the rules.
In rule #1, you can read how the auction can be extended. There is a part with a link to "these examples." When you click that link, these additional rules are shown:

Since seconds are not displayed on post timestamps, the following examples will be used as a reference. If a post time says x minutes ago, mouse over it to see the timestamp. To my knowledge, this is only possible with a mouse or trackpad.

1. If the close time is 3:00pm, any bid at 2:56pm up to and including 2:59pm is valid and extends the auction for another 5 minutes from the last bid.
2. If the close time is 3:00pm, a bid at 2:55pm does not extend the auction.
3. If the close time is 3:00pm, and a bid is placed at 2:56pm, the auction now closes at 3:01pm.
4. Bids at the close time are not valid bids.

So, how do we interpret this....

In this auction, the close time was 11:30pm Eastern.

Does that mean a bid at exactly 11:30pm is valid? Or is it too late?
Does this mean that the last possible second for a bid to be valid is 11:29 and 59 seconds? And 11:30:00 is late, and not valid?

I always thought that bids at 11:30 are still valid. If so, that would make greenchip's bid at 11:34 still valid, since it was made 5 minutes after the 11:29 from @TheCollector25

If the auction is extended by 5 minutes (which applies in this case), does the next bidder get the full 5 minutes to make a bid, or do they get 4 minutes 1 second at the least and 4:59 at the most?

I welcome any and all opinions, especially opinions from anyone who placed a bid.

 

[Carnth]

It has been brought to my attention that @greenchip's last bid may not be valid.

I received a couple PMs on the matter.

According to a PM quoting Tommy's rulings on these matters, the close time is "too late." Which I understand.

However, I feel like the "extended by 5 minutes" verbiage is not succinct.

Should it instead read as "four minutes and change?"


Does this mean that if the end time is 3:00, and the last bid can be accepted at 2:59.... then the 5 minutes extension means that the last possible moment to place a valid bid is now 3:03... (Not 3:04 because that's the new "close time.") And then the next last possible valid bid is 3:07... Then 3:11... and so on. Which makes it look like 4 minute extensions to me.

I understand the overall concept being... When the clock strikes at the close time, it's too late to bid. I was just not understanding the 5 minutes extension not really being five minutes.


I apologize to @TheCollector25 for misunderstanding the rules when it comes to auction extensions.

I hope everyone understands that I meant no ill-will towards anyone.

 

[dizzyChipper]

199 GLWA










Seriously though if anybody is mad at you for how this is handled thats crummy. You're being a fair as possible and asking disinterested parties for guidance.

 

[Carnth]

Seriously though if anybody is mad at you for how this is handled thats crummy. You're being a fair as possible and asking disinterested parties for guidance.

No, nobody was "mad" at me. And no one is complaining. I was just politely notified in PM about the rules... and I agree with what was pointed out.

I posted publicly here in the hopes that this can help others in the future to avoid any confusion.

 

[TheCollector25]

I'm more than appreciative to be in the running for cool chips even if things don't work out for whatever reason. I don't mind if i get all or none. I think @greenchip and I will work this one out. So don't sweat it! Thanks