Auction unwanted items in here. 4(e) An “Auction thread” will be posted during the trade periods prior to drafts. Coaches may post a player or players or draft pick or picks or any combination of these as a package to auction in this thread. All players or picks to be auctioned should be listed with a closing day/time, and they cannot be withdrawn before that time. No player or pick being auctioned should be the subject of private trade negotiations nor used as part of a bid in another auction, until the auction of that player or pick has reached it's conclusion/closing time, with or without a sale. The initial posting of a reserve is optional and the reserve is not reached on any auction until the seller says so. Once a bid is tabled the bid is live until rejected OR deemed beaten by the person conducting the auction, it cannot be materially altered once tabled. No bid can be conditional on outcomes not directly related to the auction at hand. Once a reserve has been reached the seller has the option to adjust the auction length, but to no less than 48 hours, or the end of the trade period, whichever is the lesser. As soon as practicable after receiving multiple bids on an auction the seller should indicate whom is in front, any reasoning is optional. If reserve has been met, the winning bid must result in a trade, which is final and irreversible unless vetoed as per 4(f) or via a subsequent mutually agreed trade between the parties (which would also be subject to a veto period).