The problem with the fixed closing time is the sniping. Most collectors would wait until the final moments of the auction and submit their max bid. This leaves no time for them to get swept up into the auction and bid beyond what their original max might have been.
I agree with Barry that no system would be perfect.
But if the auction has to end sometime, why not a decent hour?
I like the idea of freezing the auction on midnight Sat and then resuming it sometime Sunday with the policy that it could end at anytime.
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