As someone who consigns frequently to LOTG, I love the current format and wouldn't want it any other way. Most items do not even go into that final overtime period, but those that do continually realize prices I'm happy with.
As a bidder, I appreciate an auction that keeps all lots open, as opposed to individual closings. As someone with a finite amount of money to spend, I frequently jump from one lot to another (if a given lot exceeds my limit). You can't even do that if your alternative lots have already closed.
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