timed art auctions

Time auctions are online auctions of artworks and design objects that take place over a defined period of time. As a registered participant, one can place a bid for the work of art within the specified time window during a time auction. In the course of the time auction, bidders also have the opportunity to find out about the interim status of the auction and to increase their bid amount. After the time has expired, a virtual hammer fall ends the time auction and the highest bid at that time wins the auction. Time auctions of works of art take place on the online portals of various auction houses or other auction platforms.