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The 30 Minute Rule – How The Auction Ends – You must place an initial bid on an item, prior to the scheduled close of the Auction at 10:00 PM EST on the auction closing day, to be eligible to bid on that item during the extended bidding period. The Extended bidding period will begin at 10:00 PM EST and will end lot by lot. When no bids have been placed for 30 minutes on a particular lot, that lot will be closed. No bidders will be allowed to place bids on items they had not previously bid on prior to 10:00 PM EST. read more