Quote:
Originally Posted by oldjudge
I think there is a different right answer for different bidders. If you have qualifying bids in on thirty lots but can only afford five, then the “everything closes at once” format works better because you can move the money around. If you have only one or two lots you really want, then the “lot by lot” closing method works better since you can have your war, be done, and go to sleep.
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+1
And of course there is only one answer for consignors - keep the auction open for the bidders that want to move the money around.