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Posted By: Jay

Mark--Just because something has been done one way for a while does not mean that there is not a way to improve the process. If more people believed as you do we would be riding around in a horse and buggy and I would be sending you a letter rather than posting on this chat board.
Another possible reason why more auction houses do not employ individual lot closings may have to do with cost. The software I believe is quite expensive; Mastro has spend a lot of money on their systems (someone please correct me if I am off base on this).
I still believe that all bidding will get done in whatever time frame is available. If Rob told everyone that the auction would close at 2AM, all the bidding would have been done by then. The longer the auction stays open, the more games will be played.