[Archive]

Posted By: barrysloate

Scott- as someone who runs auctions and sees how they work from the inside, there is no system that is perfect for both bidder and seller. It also depends upon the nature of the lot. Remember, for example, the square Ramly of Anderson I had a few auctions back? No matter what format I used, there was no way that lot wasn't going to get every last bump the bidders had in them. That's different than a Matty black cap graded VG-EX, where bidders will exert only so much effort and then if it becomes too much of a hassle they will quit and wait for another one.

Every lot, every auction, and every auction house will have a different set of dynamics depending upon what they are selling. I agree nobody wants to stay up all night, I think it's a bad system, but you can't leave money on the table either. No auction house has yet developed the perfect system. It's still a work in progress.