Quote:
Originally Posted by Leon
There is no definitive answer to this debate but my auction partner and I firmly believe there are more bids when folks know the end is in sight. Why not keep people interested the whole time? The days of all night auctions should come to an end, imo. And as a consignor I want everyone awake and bidding. Personally, I fell asleep, woke up and started bidding again around 130am......that is crazy imo. If and when I sell my collection I will favor an auction house (if not my own) that will end lots individually. I want everyone awake and alert..... Just my opinion and I am not trying to disparage any auction house. I still bid in all of them but I end up bidding more when I stay awake and alert and "in the game".....rather than falling asleep before it ends.
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+1
Thank you. I truly think they exclude a percentage of bidders who cannot stay awake past 2:00 AM. What type of transaction is conducted at 2:00AM?? Seriously, baseball card auctions are the only dealings I can think of that are conducted at TWO IN THE MORNING. If the rest of the known world has switched to a more sensible system, why haven't we?
And to anyone who would argue, "put in a max bid next time!" I don't trust auctions not to shill me. Not only that, I should not have to make a wild guess at where the auction will end just because there is the possibility someone will out bid me at TWO IN THE MORNING.