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Posted By: Joann

Jay - I honestly don't think that at those money levels a lot is left to bed time and sleeping habits. I'm in the middle because while I don't think that bed time and sleeping has a lot to do with a high dollar card, you are right in that maybe there is a very small chance that it did. In that case, I think that for high dollar cards there shouldn't be even a small chance that where you live affects your ability to win. I think that you are right that a per-lot ending would resolve it, but that wasn't the premise of this thread. The premise of this thread was that there was no clock at all (when in fact there was), and that there should have been an earlier arbitrary cut-off time (which would lead to sniping).

And for having a strategy of waiting becuase you know that it's going to be open, then that's just staying up as a strategy. You don't know it's going to be open - it can close at any time so there is definitely a big game of chicken going on here (which I think is actually kind of cool, although difficult).

So I guess the question becomes what it should be if it's not this? Does anyone really want some assurance that it will end at a fixed time? Even if the late nights aren't the best, would the alternative be better? I really think that anything that would create snipe-like opportunities would be shouted down in two seconds.

And if the answer is per-lot closings, that's a different debate. Leon has a thread going on that one. If an auction is going to do a close-at-once system (which for other reasons I still think is best), then how can guaranteeing some kind of clock or early close of the entire auction benefit either bidders or sellers?

J