Quote:
Originally Posted by perezfan
Right. Their first allegiance is to their consignors.
Can't even count how many times (as a bidder) I have been outbid very late, only to jump over to a lot that's been stagnant for hours because it's still within my spending limit. But we have re-hashed this a thousand times, and people will always be split on the issue.
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It just rewards those who stay up all night. If the person who would pay the most is asleep when he is out bid, the consignor doesn't get the most for his card. I know people think bidders should put in their high bid, but shillers and auction houses like Mastro who shilled their auctions, make that unpractical.
The only way an Auction House is going to maximize for their consignors is to end the auction when everyone is awake.