[Archive]

Posted By: Mark

It is bad for the consignor because money is very often left on the table. Countless times, I have been outbid on a lot at Mastro, Huggins & Scott or Hunt (Internet/Phone), and cannot switch over to an alternate lot because it has closed.

By keeping the entire auction open (like Lelands, REA, Grey Flannel and Barry are doing) you can turn to a second, third or fourth choice late in the game. I cannot even count the number of items I have won in that manner over the years. If these lots had closed individually, they would have sold for less. Hope that makes sense...