Like a traditional sale, every sale at Grays/EquipNet offers a 'Going, Going, Gone' period. To give everyone a chance to bid, a Sale will not close until all interested parties have stopped bidding for a full ten minutes.
For every bid placed in the last ten minutes of a sale, it will be extended by a further ten minutes from the time of that bid. This will continue until there are no more bids placed.
For example, if a sale is scheduled to close at 9:00 pm and a bid is placed at 8:51 pm it will push the sale into the 'Going, Going, Gone' period. If no further bids are placed, the sale will close at 9:01 pm.
If another bid is placed at 8:57 pm, the sale will stay open until 9:07 pm, if another bidder places a bid at 9:03 pm the sale will stay open until 9:13 pm, and so on until no one has placed a bid for a full ten minute period.
The Going, Going, Gone period ensures everyone has the chance to place their final bid. It also gives everyone an equal opportunity to place bids, as many of our customers are located in rural areas with a slow internet connection. The person with the highest bid at the end of the 'Going, Going, Gone' period is the winner.
Please make sure you are constantly refreshing your screen during the 'Going, Going, Gone' period to ensure all information is up to date.