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#34
05-03-2008, 09:03 AM
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Closing methods of Mastro Auctions etc......
Posted By: Eric Brehm
Leon -- I agree, that is the same idea I suggested last time this issue was discussed here. Let the auction house close all lots, without warning, when the bidding has reached a sufficiently low rate in their estimation (as opposed to zero bids in fifteen minutes or whatever). That way bidders will have the opportunity to bid on everything they are interested in, there is no eBay-type sniping, and hopefully the auction closes at a decent hour. It sounds like that is essentially what REA is doing this time. 
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