Quote:
Originally Posted by hcv123
4) The thing that bothers me most was the lack of communication between ~12AM and 1:14AM - The clock was counting down on each lot - I and others were permitted to place bids without clarity on whether the auction would end last night or be pushed till today. I placed bids in that time period thinking there was a chance the auction would close according to the clocks that were counting down. At 1:14 well over an hour after the problem started the email went out saying the auction would be extended. Fairer (imo) would have been to "pause the auction" closer to when the problem began until a decision was made and clearly communicated with everyone.
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This is/was my sentiment. And because of this I didn't bid on Monday. Of the two lots that I really wanted, one was near my maximum on Sunday and I was the underbidder. I probably would have gone another hundred or two on it at most Sunday night. Monday it got no bids and went for the high it had Sunday night. I was the high bidder on the other lot on Sunday night and was willing to go $700 above that. Monday it got a bid 7 minutes into the extended bidding to take the lead. Since I wasn't watching the auction, that's what it went for 10 minutes later.
So in these two data points, two consigners lost money as did REA. At least $100 on each lot and depending on the other bidder for the second lot, up to $700 on that one.
So no, it is not an indisputable fact that everyone made more money. Although it is indisputable that I have more money in my bank account because of the Monday extension.
