forgotten password the participant is then directed to a terms of use display and an acknowledgement of the auction rules display 302 where they are required to acknowledge an understanding of the auction rules and the terms of use of the website a failure to acknowledge these terms and conditions 302 will result in the user having to register again and consent to the terms these auction rules provide information about the auction features including that all auctions will close within one hour of the start time and all participants must pay for items promptly or lose their bidding privileges after creating an account and consenting to the terms conditions and auction rules a participant may bid on items 303 a participate may bid 304 on items using two separate actions browsing or searching for items in existing live auctions 400 and browsing or searching for items not listed in an existing live auction and initiating an auction 500 when browsing the live auctions 400 the participant will see items that are currently being auctioned displayed with these live auctioned items will be the time remaining in the auction the starting bid amount 401 and various pertinent details about the item up for.