Posted By:
barrysloateI still think the flaw is people wait until 2:00-3:00 to bid because nothing compels them to do so earlier. While I don't have a precise solution in mind, there needs to be a system that forces (or perhaps rewards) bidders for not waiting so long.
Perhaps offer every bidder who places all his bids by midnight a free Domino's Pizza with two free toppings of his or her choice.