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Old 04-30-2007, 01:50 PM
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Default Auction closing methods - individual vs. simultaneous lot closing

Posted By: Bruce MacPherson

In REA, I won one lot and I had one consignment in the auction. The price on both was the same at 4:00 as it was at the end. I continually checked the auction until 2:00 am (10 hours) anticipating movement on either lot. Therefore, I tend to prefer the Mastro method. However, had my consignment gone higher, I might be singing a different tune.

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