Online Only Auctions at Pook & Pook are live auctions, not timed auctions. They run just like a regular salesroom auction with the lots being sold one at a time in lot number order. The only difference is that there are no bidders in the salesroom or on the phones. All bidding, both live and absentee, is taking place online through the Bidsquare site. You can leave absentee bids up until a few minutes before an item sells. You can also bid live when the item crosses the auction block. Once the item is live, outbid notices cease. When the bidding slows down, a five second countdown begins. If nobody clicks bid during that five second countdown, the clerk then clicks ‘sold’. If someone does click bid, the countdown clock resets itself to five seconds and the countdown begins again. For the Online Only Auctions, we sell approximately 150 lots per hour. If you have any additional questions about how our Online Only Auctions work, please call (610) 269-4040 or email firstname.lastname@example.org. The buyer’s premium for this auction is 25%.