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Use of Saved Folder & Closed Folder on listing/relisting

We are brand new to Auctiva.
When we create an Auctiva listing it goes into the Saved Listing folder. When it expires does that same identical listing go into the Closed Listing folder and still remain initially in the Saved Listing folder? It is important for us to have it done this way so that we can relist from the Closed folder and then for ‘free’ relists we can list again from the Saved folder. Can you please help us clarify this.

Thanks in advance
Susie
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