Timed auctions end at a defined time, the highest bid wins and is awarded the contract.
The auction therefore takes place without an auctioneer and exclusively on the Internet. Any bids can be placed at any time before the end of the defined auction time (see also the extension rule for short-term bids immediately before the end of the auction time).
As a rule, the auction period for the first lot ends at 6 pm on the last day of the auction. The following lot numbers then expire at one-minute intervals. The precise time of the end of the auction is also displayed for each lot in the 24 hours before the end of the auction.