Quote:
Originally Posted by Bicem
I think Heritage's lot by lot works well for the higher end stuff (to get max value) but it's not great for the lower tier items.
Real example from yesterday... I was bidding on 5 photos and had them ranked in terms of desirability. My top one the early bidding was pretty strong so I decided to focus my entire budget to winning it and let the other ones close. By the time I realized I was clearly bidding against someone who seemed like they were going to win it at any price and my total budget had been surpassed, the other 4 photo lots were of course closed. I 100% would have bid on them if I knew I wasn't going to get my #1.
So again, great for the best items, not great for the secondary stuff.
I'm in the camp that there's no true best way and will adapt to each auction, with the exception of the 4am... 5am... 6am closes that are ridiculous.
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Yes Jeff...
The scenario you laid out is exactly why I dislike the Heritage format. Nothing against Heritage, as many others are now using the "Lot by Lot" format as well. I just prefer the closing formats of Lelands, Grey Flannel, and especially LOTG, as they allow for more flexibility, as you so adeptly pointed out.
If I lived on the East Coast... then perhaps not as much. Perhaps this is our small compensation for never having the National nearby.
