How to set the minium duration of a Ranked or Open auction

How to set the minium duration of a Ranked or Open auction

What is the issue you're facing?

I need to setup the minimum duration of my auction. What is this for and how do I do this?

Solution

Once the Online Negotiation Event is underway this is the duration that you would like the Event to last as a minimum. If you choose to have the Dynamic Close option then the duration may extend beyond this minimum, depending on the whether the Dynamic Close is triggered.

We recommend a standard Minimum Event Duration of 30 minutes, as this generally gives all participants enough time. You may wish to run a longer Event if there are many Lots with a degree of complexity, or if you have participants that cover multiple time zones.

To setup the minium duration choose what you would like this to be from the Minimum Duration drop down.



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