Quote:
Originally Posted by Fred
I'd like to see it. Perhaps it would "inspire" AHs to modify their closings so that people aren't waiting all night for the auction to close. A 15 minute no bid limit for the closing would seem reasonable to me. If someone really wants it, they'll bid on it. I'm going to guess that someone will say, "yeah, but if they get outbid on somethings in the auction, the late closing allows them to bid on other things". I get that, but this auction format would say "crap or get off the pot". If you really want it, bid on it.
|
I feel like more and more auctions have moved away from the "whoever stays up the latest wins" model.
I know from day one we were 15 minute clock and items close individually. We're almost always done by midnight eastern time.