An offer (which is not a "bid") expires when:
See Also
Subpart 14.4 - Opening of Bids and Award of ContractSelling property by auctionSubmitting a No-Bid ResponseBe careful what you bid for! What happens when auctions go wrong…1. The time stated on it runs out, or
2. The listing ends (whether from another offer being accepted or someone using the Buy It Now or whatever), or
3. An actual "bid" on the auction is placed,
whichever happens first.
If the offer expires then the other party cannot accept it.
