During Timed auctions, a countdown clock is displayed on the main auction page and on the lot level. These auctions have a “rolling close,” with each lot closing in a staggered manner after the previous lot. For these auctions, the countdown clock on the main auction page will be counting down to the close of the first lot. Individual lots will have their own countdown clocks, indicating the specific closing time for that lot. If a bid is placed within one minute of the closing time of a lot, five additional minutes will be added to the designated closing time for that lot. Please note that the extension of one lot’s closing time does not affect other lots’ closing times. A detailed explanation of the Timed auction format can be found here.