Quote:
Originally Posted by RedsFan1941
why do you think that is?
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Lots of reasons, not the least of which is, like I said, I am hardly a big player. My top items are usually in the $2,000 range. While I do get fairly rare items they're not high demand rare items so I don't have 15 guys all hoping to be the last bid in extended bidding and 4 or 5 guys who put in a monster top bid.
Also my ending is about as close to a live auction ending (I was a live auctioneer first so this was intentional) as I could make it. I debated leaving extended bidding open to everyone which would most closely mimic a live auction, but decided that everyone would wait until the last minute to place even an initial bid which might terrify consignors. As a new player to the field I couldn't afford that so I compromised. You have to bid before 10pm eastern closing day on a given item to be eligible to bid on that item after 10pm. Our clock is 15 minutes and lots close individually, which, to me is the most important thing.
Finally most of my auctions have been between 300 and 500 lots which also helps them close early. I am very curious to see how the next one, which is by FAR our largest ever, closes.