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Old 08-14-2017, 04:16 PM
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Todd Schultz
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Join Date: Apr 2009
Location: Phoenix
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In the Fifth Anniversary auction, fewer than 1% of the items in the auction received bids after 3AM. But in the case of those items, bidding was spirited well into the wee hours. A hard close would have severely hurt the consignors of those pieces. Tens of thousands of dollars were bid on those items in late bidding.
And if the bidding had ended at an earlier time--with these and all bidders told in advance of the earlier ending--you have concluded the "spirited bidding" involving tens of thousands of dollars would not have occurred?
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