Quote:
Originally Posted by perezfan
It would be interesting to conduct a poll asking forum members who was still able to bid, and who was shut out in the original overtime session.
My experience was roughly 10 minutes of outage (12:06 - 12:16), and then it resumed full bidding capabilities throughout the repeated extensions (which seemed like about an hour in duration). Lots with no activity were extended 4-5 times, as the countdown clock could not effectively close them out.
In retrospect, I think REA had no choice but to extend it to the next day. However, I felt (since the auction shut down in the overtime session), it should have resumed Monday at 9 PM EDT with the 10 minute lot-by-lot overtime. I don't think it should have re-opened for the entire Monday.
Just my two cents regarding the most fair solution.
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Agree that would have been a fairer solution. All of the lots but one that I was bidding on went way higher Monday. Would be a tough argument to say that an issue during extending bidding of the announced close let the AH extend a full day and then have another extending bidding period somehow decreased prices rather than increased them. I know the side I’d rather defend.