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When Does A Flippa Auction End?

by mailey
4 replies
Hello.
I would like to know at what point does an auction finish? If the auction is time-tabled to end at 12 pm but at this point people are still bidding, does the auction move to a private area where the participants can continue to bid. I believe this is what happens at GoDaddy domain auctions.
#auction #end #flippa
  • Profile picture of the author Ryan Sorensen
    If it's a public auction and someone bids with under 4 hours left, the auction always goes back up to 4 hours unless a BIN price is introduced.

    For your website, you will get what the market is willing to pay for - eventually the serious bidders will put in their final bid and the auction will end.
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    • Profile picture of the author mailey
      Originally Posted by Ryan Sorensen View Post

      If it's a public auction and someone bids with under 4 hours left, the auction always goes back up to 4 hours unless a BIN price is introduced.

      For your website, you will get what the market is willing to pay for - eventually the serious bidders will put in their final bid and the auction will end.
      Do you mean, if the auction is set to end within 4 hours and someone bids in that time, the auction is extended by 4 hours. If so, that sounds like an excellent idea.
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      • Profile picture of the author caseycase
        Originally Posted by mailey View Post

        Do you mean, if the auction is set to end within 4 hours and someone bids in that time, the auction is extended by 4 hours. If so, that sounds like an excellent idea.
        That's correct. It is reset to 4 hours remaining. However, there is also a new feature on Flippa that allows the last bidder, if the auction ends and does not meet the reserve, to negotiate with the seller privately on a price.
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  • Profile picture of the author mygold
    I think if the bidding time is end nobody could not bid that auction.
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