Thread: Rea
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  #28  
Old 05-04-2018, 01:51 PM
x2drich2000 x2drich2000 is online now
(DJ) Rich.ard.s
 
Join Date: May 2009
Posts: 2,200
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Quote:
Originally Posted by Vintageclout View Post
Hi Leon it’s JoeT. Personally, I hate “lot by lot” closing. I cannot tell you how many times I’ve fallen short in a huge bidding war, with it too late to revisit the remaining lots I was also interested in because they closed. True, the auction ends earlier, but I rather trade a single night of good sleep for a great memorabilia piece any day of the week! Also, from a Consignors perspective, I can only imagine the number of bids the lot by lot closing format costs the Consignors. I always felt it is the auction house’s #1 responsibility to do whatever it can to maximize bids via marketing, presentation, bidding process, etc. Simply stated, no consignments = no auction business.
I 100% agree with this.
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