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<p>[QUOTE=&quot;RichardT, post: 7304402, member: 100005&quot;]It is not at all like ebay sniping, because the auctioneer or automated system will wait for any additional bids before closing the lot. </p><p><br /></p><p>There is theoretically an unlimited amount of time that a lot can be up for bidding. For example two bidders can engage in a bidding war for as long as they like (so long as they can pay for the final bid of course).</p><p><br /></p><p>Due to this, a pre-bid before the live auction will not win the lot UNLESS there are no live bidders willing to bid higher than the pre-bid. </p><p><br /></p><p>Oh, and CNG&#039;s Triton auction also features a live bidding segment if I recall correctly.[/QUOTE]</p><p><br /></p>

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