Auction Rules

1. 1The reference clock is the server clock, shown on every auction page.
2. 2No bid below the minimum next bid (current price + the published increment band) is accepted.
3. 3Proxy bidding: you register a secret ceiling and the system bids for you by the minimum needed. The ceiling is never shown to anyone.
4. 4When two ceilings tie, the earlier bid wins.
5. 5Any bid in the last 2 minutes extends the auction by 2 minutes (max 30 extensions), and the extension is announced instantly to everyone.
6. 6Every event is recorded in a hash-chained log that cannot be rewritten retroactively, even by moderators.
7. 7If a reserve exists its value is never revealed. Only a "reserve not met" state is shown.
8. 8After a win, a conversation opens automatically between winner and seller to arrange payment and handover.