Love, love, love the close by midnight approach. I've said many times that I don't really care what the format of the auction is (lot by lot, hard close like ebay, close sometime up to a particular time, etc.) as long as the closing occurs when I'M AWAKE.
It is completely ridiculous to close auctions in the middle of the night and am quickly moving away from bidding on any auction that makes me do this. Fortunately more and more auction house are setting realistic closing times.
Go REA!!!!!!!!!!!
jeff
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