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#1
03-29-2015, 07:50 AM
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The way auctions close?
It's interesting to hear collectors thoughts on the best way to end auctions (to maximize value). Many times I have fallen asleep, woke up, and continued bidding in the all night ones. What are your thoughts on auction endings? What do you think the best is to maximize prices?
One sentiment has been, the auctions ending altogether, all at once and very late, tend to help the whales with lots of money more than the other auctions ending lot by lot. However, what if the bidders were able to get extended payment terms to bid on more? Would that alleviate some of the issue? For me personally it's rarely been an issue as I figure out what I want most and have gone that route. A point for ending auctions lot by lot is that it keeps bidders interested the whole time. Your thoughts....?
__________________
Leon Luckey www.luckeycards.com 
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