I no r d e rt og i v ee v e r y o n eaf a i rc h a n c ea t a l l c o n s i g n me n t si nt h es a l e , weh a v emo v e dt oan e wf o r ma t . S t a r t i n ga t 1 2n o o no nMo n d a y , Fe b . 2 0 t h , t h ef i r s t h o u ro f t h es a l ewi l l b eat i met or e c e i v ea n yb u y e r ’ s i n t e n t i o n st op u r c h a s ea n yl o t sa t t h emi n i mu ms e t p r i c e .I f a t t h ee n do f t h a t h o u r( 1 : 0 0p m) i f o n l yo n e b u y e rwa n t sa n yl o t n u mb e r , t h e i ro f f e rwi l l b ea c c e p t e d .I f a t 1 : 0 0p m, t woo rmo r ep a r t i e swa n t t op u r c h a s e ap a r t i c u l a rl o t n u mb e ra t t h es e t p r i c e , t h e na na u c t i o nwi l l b ec o n d u c t e db e t we e nt h o s ep a r t i e so n l y .Fo r e x a mp l e , i f t wob u y e r swa n t L o t Aa t $ 5 , 0 0 0 , t h o s et wop a r t i e so n l yma yb i du n t i l t h eh i g h e s t b i di sr e a c h e d .
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