Quote:
Originally Posted by doug.goodman
The main issue seems to be the late night finish, so why not start extended bidding at noon instead of at 9 pm?
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Right. Or, if the working theory is that the longer the auction stays open, the more bids, why not just close all the lots at a reasonable time but run the auction one day longer?
I disagree that running auctions into the wee hours maximizes bids. High hammer prices result from two or more bidders going toe-to-toe. That doesn't happen when some need to get sleep. With a 20- or 30-minute rule per lot, interested parties have plenty of time to slug it out (and maximize the hammer,) and then go to bed.
I also don't like going to bed uncertain if I've won or lost.