Quote:
Originally Posted by Aquarian Sports Cards
The point of extended bidding is to more accurately mimic a live auction. Could you imagine going to a live auction where, while an item was receiving bids, an auctioneer said, "whoops, sorry, time is up on that lot"
The best match would be a format where each lot ended after the previous lot finished receiving bids, which some general auction houses actually use, but if you think auctions run late now, yikes. If you only have a few hundred lots it's barely doable, but a 3000 lot auction could literally take a week to close.
To make it even remotely feasible the extended bidding models have evolved. I will say I definitely prefer the model where lost close on their own individual clocks, where one bid can't keep the entire auction open. But again, an auction of a given item isn't supposed to end at an arbitrary time, that is completely anathema to the point of an auction. An auction is supposed to end when nobody wants to place any more bids.
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I think all this can be achieved before midnight EST.
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• Collecting Indianapolis-related pre-war and rare regionals, along with other vintage thru '80s
• Successful deals with Kingcobb, Harford20, darwinbulldog, iwantitiwinit, helfrich91, kaddyshack, Marckus99, D. Bergin, Commodus the Great, Moonlight Graham, orioles70, adoo1, Nilo, JollyElm, DJCollector1
Last edited by Brent G.; 05-27-2025 at 11:07 AM.
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