I believe an auction that closes all lots at the same time favors consignors as well as bidders with large bankrolls. Auctions that close lot by lot give bidders with smaller bankrolls a better chance. Taken one step further, conventional live auctions force all bidders to make immediate decisions and give the average bidder a better chance. Therefore, as a consignor, I favor all lots closing at one time. As a bidder, I prefer either a lot by lot closing or a live auction.
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