Quote:
Originally Posted by calvindog
Matt, unless you're on the board of directors of REA, Inc., I'm not sure your idea is anything more than fantasy. If I were Rob as long as I was only doing one auction a year I'd leave things as is. If it ain't broke, i.e., bids are at their highest, why fix it? Because a bunch of bidders complain about having to stay up late?
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Jeff - I hear ya - part of this was just puzzle solving and I think we came up with something that is the optimal solution to the issues. However, you and I both saw that REA was getting bids right up until it closed and they probably did leave money on the table with their current system, so it's not purely a theoretical issue. Actually, some of the people who went to bed before 4 AM might have shifted money to different lots if they knew they were going to be outbid, so that's more money left on the table.