Timed Auction
As soon as it ends, the lot will be reserved to the highest bidder at a price equal to the minimum amount that allows to exceed all the other maximum bids received.
Even though it's possible to win the object at a lower amount than your maximum bid, it is recommended to immediately offer the maximum amount you are willing to pay for the lot: this allows you to win over possible other bidders since, in the same by amount, the bid deposited first wins.
The bids received will be protected with automatic bids up to their maximum value.
Every placed bid is considered a binding contracts.
The secretariat reserves the right to verify the correct progress of the auction before making the winners definitive.