Quote:
Originally Posted by benjulmag
Here's how (and this what actually happened). I have a budget of X. There are 7 lots I have qualifying bids in on. One of them is literally a unique item which perfectly fits my collection and, by definition, being unique this is my one shot to get it. So I save my entire budget of X for that item. At 3:45 AM I got outbid once again, and this time I was at my budget. So I went back to those other 6 lots that I had qualifying bids in on and THAT WERE STILL OPEN BECAUSE ALL THE LOTS CLOSED AT THE SAME TIME, and started bidding on them. I ended up winning I think 4 of them, none of which I would have won had they had individual closing times.
Had the extended bidding period begun at an early enough hour and the bidding interval as midnight approached been steadily reduced to one minute, this entire scenario would have played out hours earlier.
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My experience is when the items close lot by lot, that most of the auctions close at the same time or close to it anyways. Generally you know that the lot is past your limit before OT and you can shift to other items and you get to bed at an earlier time.
I like your idea of 1 minute intervals. I would have like to seen all the items that got sniped, get reset at 1 minute giving those that got outbid at the last second a chance to respond. I won my 2nd item ever in REA last night because cards just aren't worth staying up all night to bid on, but if I got sniped, I would have been out of luck with money sitting in my pocket and I had backup items that I wouldn't be able to bid on because the whole auction closed. So, closing all items at once, at midnight or the wee hours of the morning, can still leave you missing out.