[Rhotchkiss]

I believe the ML style of closing greatly increases prices. Extended bidding started at 7pm, and from 7pm to well over midnight, my cards were getting many multiple bids per minute. I don’t believe this would have happened in an REA/Heritage format, where you only have 15-30 minutes to pivot and are often closed out of lots you would have bid again on, but extended bidding on those lots had ended. Under ML’s style, a bidder can, and does, have more time and options to pivot if/when they are outbid on other lots. I agree that as a bidder, the style is tough. But as a consignor, I really like it and I think it made a huge difference/impact on my set breaks last night.