[Archive]

Posted By: barrysloate

I know many bidders prefer the system where each lot closes individually, but there is still one major and serious flaw, which we've discussed many times.

If a bidder fights for his favorite lot until 1:30 in the morning and finally has to drop out, his 2nd, 3rd, and 4th choices may have already closed. And any format that locks out a bidder who wants to raise an existing bid is not good for the consignor.