Auction Ends: Apr 11, 2024 10:00 PM EDT

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Wool Area Rug

Item Number: 105

Estimated Value: 6700 CAD
Opening Bid: 800 CAD

Item Description

Creative Matters, Strata Platinum Area Rug

SIZE: 6’ x 8’
DETAIL: Handknotted, fine Tibetan wool with pure Chinese silk, 100 knot, 4mm cut pile construction, Made in Nepal
SILK CONTENT: 13%

https://creativemattersinc.com/rugs/p/strata

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Proxy Bid

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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.

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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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