Auction Ends: Dec 8, 2011 07:00 PM EST

Rugs

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Dark red contemporary rug

Item Number: 193

Estimated Value: 399 USD
Opening Bid: 200 USD

Item Description

Dark red contemporary rug, measures 5'3" x 7'9". Machine made in the USA.

Item Special Note

This item will be available for pick-up at our auction's closing celebration, to be held in the lobby of Dominion Tower (999 Waterside Drive, Norfolk) on Sunday, Dec. 11 from 4:00-6:00 pm.

If not picked up in person, the winning bidder must make arrangements to pick up the rug at Dominion Tower no later than Wednesday, Dec. 14.

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The goal of proxy bidding is for you to win the auction at the lowest possible price. Your maximum bid is only placed when another bidder also bids up to that amount or when the reserve price is equal to or greater than your maximum bid.

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Example

An item’s current bid is $3.00, and the bid increment is $0.10. Jane chooses automatic bidding and enters a maximum bid of $6.00, so Jane becomes the high bidder and the current bid reads $3.10.

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Enter an amount higher than the current winning bid (displayed on the auction page as "Leading Bid"), and click on the "Bid this exact amount" radio button below the bid you just entered. Then click the "Place Bid" button. The system will immediately place your bid at the exact amount you entered.

Example

If the current high bid is $1.00, and you entered a straight bid of $15.00, you’re now the current high bidder at $15.00.

Reserve Price

The Reserve is the minimum amount the organization is willing to sell the item. If the reserve isn't met by the end of the auction, then this item will not be sold.

Bid Extension

The auction closing time on an item will be extended by 5 minutes each time a new bid is placed during the last 5 minutes of an auction. The item's closing time will continue to extend in 5 minute increments as long as there is continued bidding. The item will automatically close when there is a 5 minute extension period with no new bids.

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