Let's talk about auctions

[Casey2296]

On the Eva of what's shaping up to be a pretty heated auction I'm curious what members think about the process. I enjoy the auctions for several reasons, I assume my buyers premium assures trust, now trust is a big thing for me and other members here so an AH that can earn that trust is invaluable. I think Scott flat guarantees that anything he sells will grade as opposed to the recent 33 Gehrig Kevin shitshow thread.

So Al and Scott closed their successful auctions and Roberts is closing tonight. Of course the REA tomorrow. My specific question is on the closing process. I sympathize with east coast folks at these auctions starting at midnight on Sunday, Im West Coast so I'm okay with it but keeping folks up past midnight makes no sense to me. Is there a reason auctions close at midnight?

My other pet peeve is the lot closing process, it's per lot or per auction. Per auction is certainly not buyer friendly. If two guys are battling over a 35,000 Ty Cobb they have to wait for two guys battling over a 1961 Fleer Boudreau. Now either one of those fights are fun but they have nothing to do with each other. I get why waiting to end the entire auction until all lots have no further bids helps the consignors and the AH in general but let guys battle it out for individual lots and close the lot when the battle is done.

Thoughts?

PS, good luck to all the Net54 members in the REA.