BIDDING!

Updated August 7, 2026

Lot number	1a
Auction	McIntosh, Krell, Conrad Johnson -- High-End Vintage Audio
Date	August 13, 2026 at 7:00 PM CDT
Auction house	Schulman Auction & Realty, LLC
Location	Kansas City, Missouri

Bidding is really simple, particularly if you've bid in an online auction before, but here's a quick rundown on some features that may be unfamiliar: Each lot in the auction is scheduled to close approximately 20 seconds apart. For example, Lot 1 is scheduled to close at 7:00.00 pm central time. Lot 2 is scheduled to close at 7:00:20, Lot 3 is scheduled to close at 7:00:40, Lot 4 is scheduled to close at 7:01:00. Soft Close--- The auction software has a "soft close" feature so that if a lot is bid on in the final three minutes before that particular lot is scheduled to close, that lot extends for another three minutes. For example, say Lot 10 has one minute left before it closes and a bid is placed on it: Lot 10's time will extend to four minutes. Then if Lot 10 ticks back down to two minutes remaining and another bid is placed, then Lot 10 will extend to five minutes. As long as active bidding is occurring in that final three minute window, it will keep extending that lot's time. This does not affect any other lots in the auction, just that particular lot. This is the easiest way to emulate "live" auction bidding, and a very common practice in online auctions (not eBay). High bids and maximum bids--- Bidders can place maximum bids which remain secret; the system will only bid up to the competitive bids and show that number as the high bid. For example, if your maximum bid is $100 and the next highest bidder's maximum bid is $40, then you would be the high bidder at $41 (based on the bid increment table). If bids go past your maximum, you'll be notified by email that you've been outbid and can then bid again if you choose. If two bidders happen to have the same maximum bid, then the first bidder at that value is shown as the high bidder.

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