TIMED Auction Rules: Every minute a consecutive lot will begin a 1-min countdown to close. Lot #1001 will begin its countdown at 10am, Lot #2 countdown at 10:01am, lot #3 at 10:02am, etc.
If a bid is placed within the final 60sec, the countdown timer will reset to 1-minute to allow additional competing bids. Think of it as a long "Fair Warning."
Once the countdown is complete, the lot is closed and sold to the highest bidder at that time.
For a timed auction like this, prior absentee bidding on the lots you would like to follow is highly encouraged. This way you will be notified when you have been outbid, including within the last 1-minute.