Sandy is correct. I was bidding on a rather desireable piece that had the BIN feature, but I wasn't willing to "buy it now" at that time if I could get it cheaper by bidding lower.

If my memory serves me correctly, there was only a couple of bidders on this piece and it was coming down to the final few hours when the auctioned ended abruptly. I inquired why the auction disappeared before its formal ending time and was told some one used BIN. I then expressed the fact that I was under the impression that BIN went out the window once the first bid was made. I was told it goes out the window after the first bid above the reserve is made.

So as Paul Harvey would say, "Now you know the rest of the story!"

Bob