Posted By:
barrysloateThere is no shortage of different opinions on this issue, but one aspect of auctions that end at 4:00 AM that needs to be addressed is the amount of dead time involved. I would say from midnight to 4:00 AM, most of the time is spent waiting for just the right moment to place a bid. There is little sense of urgency, especially if there is say a 30 minute clock (you can stall for 29 minutes if you choose).
All of that wasted time could be condensed into one or two hours of intense bidding, achieving the same results.