Dozens of plots from four regions are up on the auction block – the PG-rated Noyo and Albion, along with the Mature sims Kelham and Limintour. The hammer falls throughout Saturday and Sunday for the first three with the Limintour bid deadlines hitting Monday and Tuesday evenings.
You can bid $USD or $L.
Bid Extentions - Remember that any bid within the five minutes before the deadline will extend the deadline by five minutes.
For details and to bid http://secondlife.com/auctions
For the auction FAQ link here.