{"id":157013,"date":"2018-02-25T13:37:09","date_gmt":"2018-02-25T18:37:09","guid":{"rendered":"https:\/\/midlandauctions.ca\/?post_type=ufaq&#038;p=157013"},"modified":"2018-07-01T15:01:08","modified_gmt":"2018-07-01T19:01:08","slug":"what-is-softclose","status":"publish","type":"ufaq","link":"https:\/\/midlandauctions.ca\/?ufaq=what-is-softclose","title":{"rendered":"WHAT IS SOFTCLOSE?"},"content":{"rendered":"<div  class=\"ewd-ufaq-faq-list ewd-ufaq-page-type-load_more ewd-ufaq-category-tabs-\" id='ewd-ufaq-faq-list'>\n\n\t<input type='hidden' name='show_on_load' value='' id='ewd-ufaq-show-on-load' \/>\n<input type='hidden' name='include_category' value='' id='ewd-ufaq-include-category' \/>\n<input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' \/>\n<input type='hidden' name='orderby' value='title' id='ewd-ufaq-orderby' \/>\n<input type='hidden' name='order' value='desc' id='ewd-ufaq-order' \/>\n<input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' \/>\n<input type='hidden' name='current_url' value='\/index.php?rest_route=%2Fwp%2Fv2%2Fufaq%2F157013' id='ewd-ufaq-current-url' \/>\n\t\n\t\n\t<div class='ewd-ufaq-faqs'>\n\n\t\t<div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-one ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-157013-bneF8khqyR' data-post_id='157013'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >A<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h4>\n\t\t\t\tWHAT IS SOFTCLOSE?\t\t\t<\/h4>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<p>If a bid is placed in the last 3 minutes of the auction, the auction is extended <strong>3 minutes<\/strong>\u00a0past the current close time if another bid is placed it is\u00a0<strong>extended another 3 minutes<\/strong>\u00a0and keeps doing this till bidding stops and the auction is won by the highest bidder. This keeps the auction fair for everyone and turns the bidding into a live back and forth auction at the end. We may adjust this as time goes on to optimize the best time. We have adjusted this over the years from 5 minutes down to 2 minutes and find that 3 minutes is best<\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t\t\t\n\t\t\n\t<\/div>\n\n<\/div>\n\t<\/div>\n\n\t\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A WHAT IS SOFTCLOSE? If a bid is placed in the last 3 minutes of the auction, the auction is extended 3 minutes\u00a0past the current close time if another bid is placed it is\u00a0extended another 3 minutes\u00a0and keeps doing this <span class=\"excerpt-dots\">&hellip;<\/span> <a class=\"more-link\" href=\"https:\/\/midlandauctions.ca\/?ufaq=what-is-softclose\"><span class=\"more-msg\">Continue reading &rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","ufaq-category":[],"ufaq-tag":[],"class_list":["post-157013","ufaq","type-ufaq","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/midlandauctions.ca\/index.php?rest_route=\/wp\/v2\/ufaq\/157013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/midlandauctions.ca\/index.php?rest_route=\/wp\/v2\/ufaq"}],"about":[{"href":"https:\/\/midlandauctions.ca\/index.php?rest_route=\/wp\/v2\/types\/ufaq"}],"author":[{"embeddable":true,"href":"https:\/\/midlandauctions.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/midlandauctions.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=157013"}],"wp:attachment":[{"href":"https:\/\/midlandauctions.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=157013"}],"wp:term":[{"taxonomy":"ufaq-category","embeddable":true,"href":"https:\/\/midlandauctions.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fufaq-category&post=157013"},{"taxonomy":"ufaq-tag","embeddable":true,"href":"https:\/\/midlandauctions.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fufaq-tag&post=157013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}