As pointed out, there is one obvious problem with each lot ending individually. If you place ten qualifying bids, then spend the night watching your one key lot and bidding on it every time you are topped, if you finally reach your max and can't go higher, your other nine lots may have already closed. So maybe in that example you had a $2000 budget put aside for that auction and you ended up spending nothing. That is not good for the auction house.
Closing lots individually will likely end an auction earlier, but at a price.
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