Quote:
Originally Posted by oldjudge
Adam--I don't think the argument is that straight forward for consignor as you make it out to be. Many bidders will not leave up to bids. With most "all-close-at-once" auctions ending extremely late, some lots are won by the bidder who can stay up the latest. If those lots had ended earlier(likely in the individual lot closing scenario), the winning bid might have been higher due to a larger potential bidder universe.
Bruce--Fantastic image on that Anson. Congratulations!
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Just curious why you say " many bidders will not leave up to bids" ? Is that an assumption or anecdotal? In prior threads, representatives from almost every major auction house have stated that a bidders max bid, bidder ID, password etc cannot possibly be viewed by them. So what would give these bidders pause? If you want a card , but can't keep your eyelids open, I can't believe a collector would call it a night and not put in a max bid. To each his own comfort level I guess. For full disclosure, I try to stay up if I can!!