Posted By:
JimBBarry,
I think there are more times that I have not bid because I fell asleep than not bid because of the 30 minute rule. I think it about a wash. The all-night thing is potentially a lot worse in an auction with 2000 lots compared to one with 150. But I am also a consignor from time to time, and I would still advocate for this system. I don't see prices realized as being all that low. It seems many were quite strong.
JimB