You can add a multi-round stage to your event using the Event stages feature. Multi-round stages provide additional configurable settings. You can select from a number of conditions to close the stage and set the minimum number of rounds that must be completed before the stage can close.
For example, using the Event stages feature, you can create a stage that has a single round of bidding, followed by a series of 30-minute rounds that ends when there hasn’t been a bid for two rounds.
The following conditions for closing a stage are available:
- Number of rounds since last bid - End bidding if a number of rounds have been completed since any bidder has updated their bids. For example, if two rounds have been completed since the last new bid.
- Minimum active bidders in round - End bidding if too few bidders update their bids. For example, if there are fewer than two active bidders in the latest round.
- Minimum lots with reserve met - End bidding if the reserve has been met on sufficient lots. For example, after the reserve has been met on 200 lots.
- Minimum lots with allocation changes - End bidding if there are too few allocation changes. For example, if fewer than two lots in the latest round have had a cost allocation change, an award allocation change, or a change in the percentage share of a lot.
- Number of rounds since last lot allocation change - End bidding if a number of rounds have been completed since an allocation change. For example, after two rounds without a change in lot allocation cost, a change in who was awarded the lot, or a change in the percentage share of a lot.
- Minimum change in total allocation cost - End bidding if the change in allocation cost is too small. For example, if the total allocation cost change is less than $2000.
- Number of rounds since last allocation cost change - End bidding if a number of rounds have been completed since an allocation cost change. For example, after three rounds without a change in allocation cost.