Learn how to customize the speed at which your auction will close.
Time between lots:
AuctionNinja is a soft close auction platform. This means that if the bidding is continuous on any given item, the system adds 5 minutes to the end of the auction.
This allows items to reach their fair market value.
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You can customize how quickly your auction closes.
Here are some pro-tips on using the Time Between Lots to your advantage:
- According to AuctionNinja's site traffic, 3 lots closing per minute (or 3 lots closing at one time) is optimal for AN's bidder base. This gives bidders plenty of time to bid on the items they want to purchase, while also ensuring that the auction doesn't slow down.
- AuctionNinja's bidders are driven by competition and entertainment! They want to win their items. Keep this in mind when determining your time between lots.
- If your auction has 1-10 lots (say vehicles, heavy equipment, high value collectibles), you should consider reducing the number of lots closing at one time.