What does ‘soft close’ mean?

A soft close prevents individuals from entering a bid at the very last second before an auction closes, in order to prevent others from bidding higher. MaxSold has a two-minute soft close policy on each lot.

 

This means that if a bidder enters a bid within two minutes of the lot's initial closing time, a two-minute extension would be added on. The lot will not close until bidding is static for two minutes.

Have more questions? Submit a request

0 Comments

Article is closed for comments.
Powered by Zendesk