Grey Flannel Auctions Weekly Web Auctions is a great alternative to our catalog auctions where you may find what you want at a great price point. There are 80 lots closing tonight, April 4, 2012 , many of which are currently unopen. Lots will close on an individual basis dependent upon the amount of bids that are received after the 9:00 PM EST countdown has reached zero. Lot(s) will close when there has not been a bid placed for 5 minutes. However, any unopened lot can be bid on after 9:00 pm EST. If you are the only bidder on a lot after 9:00 pm EST, you will instantly become the winning bidder. For ongoing lots after 9:00 pm EST the 5-minute advance rule will be applied, meaning the auction lot will not close until bidding stops for this lot for 5 minutes. The entire auction will close one lot at a time.