Al, I totally understand, and like how LOTG does it; truthfully, as a bidder, I like the lot by lot better but strongly prefer this over wake up at 5am Memory Lane and similar, but for consignors I think it is a great method.
I think what confuses people is the use of the 15 minute rule from 9pm to midnight (or 1am). The reality is that there is zero chance that the entire auction will go 15 minutes without a bid from 9 to midnight. So it’s kind of a red herring.
Al, ball park - how many total bids come in between 9pm and midnight? I bet a lot
Last edited by Rhotchkiss; 08-21-2022 at 12:58 PM.
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