I'm a big fan of lot by lot closing auctions but as expressed in another thread, I don't mind a double close like LOTG does. I do mind the double close not starting until 1am, though. I think some are missing the point. For those of us who need to get up very early, anything past 11 is a huge issue. I'll do it for a lot by lot close but nothing else since it may take hours for things to wrap up.
No, max bids are not the answer, sorry. Many reasons have been discussed elsewhere and, quite honestly, this is a crutch for not addressing the primary issue which is how late auctions close.
And for anyone that thinks bidders bid more in a wee hour auction, there is no evidence of that that I've seen. What I've seen is when you close lot by lot on a 15 minute timer, there is a flurry of action for 30min - 1hr thereafter where all those stallers have to bid to stay in the game. No more bid and stall for an hour or two trying to wait people out. And some might argue all of that action nudges some to bid more than they would have otherwise. I know I have personally decided to go above what I had set as my 'limit' many times when faced with the reality of bidding once more and winning something rare or not winning it at all.
jeff
Last edited by jefferyepayne; 10-12-2024 at 05:00 AM.
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