Quote:
Originally Posted by barrysloate
The problem is nothing compels a bidder to get his bids in early. REA closes at 4:00 PM and there are tons of bidders who wait eight or ten hours before they first sit down to bid. I always believed the system was flawed but no auction house seems to care. They like it just the way it is.
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Sitting here with a beer, mulling over the endless NFL playoff possibilities, so...
The biggest problem I see for Lelands is that their auction is boring on the final night. I placed my bid, and it would have been kind of 'fun' to watch the clock count down for my lot and know that I had won. It turned out that no one bid after my 6:00pm bid, so it was a waste of time watching the auction. With no clock, you have absolutely no idea what's going on. I know that 'fun' isn't supposed to be part of spending money, but this is a hobby, so it is.
I thoroughly enjoy sitting down with a bottle of red wine and watching my lots approach the end of the 30 minutes. It's entertainment. It's also kind of fun to put in a high ceiling bid, and watch someone manually bidding one increment every 29 minutes, while I just sip my wine and smile. Unless, of course, they run me all the way up to the maximum
