Quote:
Originally Posted by rats60
That is good for you if you want to stay up all night. You ignore the people who go to bed with the high bid, but get sniped by someone who stays up all night. The consignor ends up losing money because one of his bidders is asleep and can't respond to the higher bid. Those auction houses that want all lots open to 4am are losing my business. I am more than happy to give my business to those like Heritage who close lots with no bids for 30 minutes or by live auction. It is not worth my time to sit around waiting to see if I get out bid.
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While I 100% agree that the 30 min. per lot rule is much better, I'm a little surprised that you'd state -- in a thread about shill bidding -- that you prefer to give your business to an AH whose rules state the consignor may bid on their own items and the AH itself reserves the right to bid on "undervalued" lots.