Posted By:
barrysloateREA's preliminary bids ended at 4:00PM and it still went another eleven hours. Why? Why did it need another eleven hours to resolve? So people could sit idly for ten and a half hours before they needed to place their final bids? I think a few people may have died from boredom.
Create a sense of urgency. Create a sense of anticipation. Dragging it out that long is counterproductive. I bet there is a percentage of bidders who got fed up and just quit. How many hours can you sit at your computer before you say "I've had enough, I'm going to bed."
Don't turn the auction into a yawning bore, find a way to create some bidder excitement!