I don't mind having an initial period of time where only those who have already bid can continue to bid though I am not really sure the point to be honest.
When it comes to the second half though, I really wish it closed item by item. I think the current approach is counterproductive. I want to wait until the last possible moment to bid, yet at the same time, have no gauge on whether the auction is coming close to ending.
When an item ends individually, I know I need to be there slugging it out during that time. I can anticipate when it will close and time my bids. I can make sure I am there/awake at that time.
I'm curious to hear the economic argument for the current set-up, since I don't really see one.
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