Even if you have initial bidding end at noon, the auction would go until the wee hours of the morning. REA actually has theirs end at 4 or 5 pm. EST and still goes til 3:30 am or later.
In our last auction we did the individual lot ending and the whole auction was over about midnight. You could see much more action on the lots earlier as bidders were aware that it was not going to be a hold out and wait em out situation.
Scott
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