Quote:
Originally Posted by Snapolit1
If an auction is extended a day the house and many consignors make more money. Fact. Indisputable. And no one loses a penny. Sort of like a casino. In many ways.
I’m not saying anyone is doing this on purpose. I’m saying no one is losing any sleep over it. A nothing burger as we say now. The notion that this is some source of embarrassment is nuts.
And, yes, if I consigned the Wagner card (or any card worth huge bucks) I’d be THRILLED the auction was extended a day.
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If an auction is extended a day for no good reason, then yes, the AH will likely make more money. However, when there is an issue that impacted (and likely prevented some) extended bidding, I don't think it's an indisputable fact that extending the auction a day will result in significantly different ending prices than if extended bidding was able to take place normally.