Matt,
Thanks for clarifying that. As Jeff said, I am not sure the masses could understand this closing style but in theory it makes sense.
And I am not sure the auction would close sooner and could have the potential to go way past 3 or 4am if just one lot is vastly underbidded at 10am and the bidders "slow play" the lot through 25-30 bids after 10pm.
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