Quote:
Originally Posted by jayshum
I'm not sure why they have this rule, but I always assumed it was to try to get the auction to end before it got too late by making it more expensive to keep bidding late into the night. Now that the auction closes on a lot by lot basis instead of all at once (I'm not sure when that change occurred), I'm a little surprised the rule still exists since I would guess there aren't too many lots that stay open late enough for it to come into play.
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I got an email from REA suggesting they are changing their closing procedures to end auctions sooner.
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