Investors will get almost no information about what others have bid until after the auction closes.
Google will not say in advance when the auction will close.
The auction closed on July 28, 2011, with 7 bidders having won 16 licenses worth $19.8 million.
There gets to be a point when an auction must close in the interest of everyone.
Fifteen minutes and 16 bids later, the auction closed for just under $5,000.
With a total of 36 bids, nearly 200 people watched Wedginald as the auction closed.
When the auction closes, the seller receives their funding the next business day.
Homeowners post their properties on the site for five to seven days, then pay 10 percent of the proceeds when the auction closes.
When the auction closed in March 2011, the final bid was $2.5 million.
Once the auction closes, the user can then leave a negative comment.
