B & L Auction Pick-Ups

[Leon]

We used the open ended rule. The rules stated this for the last month or two:

IMPORTANT NOTICE: OUR AUCTION WILL CLOSE USING THE “OPEN ENDED” 15-MINUTE RULE

The Brockelman & Luckey auction will close with an “open-ended” 15-minute rule. Like a standard 15-minute rule auction, the sale will go into 15-minute rule mode starting on closing day at 9 p.m. EST. However, under the “open-ended” rules, ANY bidder can bid at ANY time on ANY lot in the auction, either before the start of the 15-minute rule or even after the 15-minute rule begins. Hence, even if a bidder has not bid on any particular lot in the sale, under the terms of the “open-ended” 15-minute rule they are able to bid on any lot in the sale even after that start of the 15-minute rule. The extended bidding period will continue until there are no new bids on any item in the entire auction--either by phone or via the internet--for a period of approximately fifteen (15) minute interval. At that time, the auction will close.

Also this email was put out TO ALL registered users after 38 minutes into the extended bidding:

"Dear Leon,
The 15 minute rule is in effect in the current Brockelman and Luckey auction. Everyone, regardless of if you bid on a lot before the extended bidding started or not, can still bid on any lot. Good luck to all.
regards
Scott and Leon
www.b-lauctions.com"


This email was put out to ALL REGISTERED bidders with approximately 6 hours left in regular bidding: (paraphrased) and I will admit it went an hour or so later than we thought it would....

"ALSO, there is a new method for our late bidders. Even if you HAVE NOT bid on a lot before the extended time you can still bid on it after the extended time starts. We believe this will help both bidders and consignors. We don't expect the auction to go past 12am-1am but only your bids will be the determining factor. As always we can not see up to bids and we are not allowed to bid in our own auction so please feel comfortable in placing an up to bid if you need to. Good luck!! best regards
Scott and Leon
www.b-lauctions.com"


***So, if anyone got caught not knowing the rules we apologize. Scott and I had a high level meeting this morning and discussed the closing. Most likely our auctions will close in this format from now on. If anyone wants to wait to bid, or bid later because of it, then they can certainly do that. I do agree it ended very late.......but bids were coming in and the auction had rules and they were strictly adhered too. I honestly don't know if there was a blurb about what James said but I will check into it. There shouldn't have been BUT regardless of that the rules page and the last 2 emails spelled it out. Thanks again and sorry if anyone missed out on anything......I know people hate to put max bids in but it is an option.....A few people did (obviously as their bids were enacted when someone else bid on items) and I think those folks got what they wanted.....Again, I/we understand there are a variety of (valid) reasons not to want to do that....regards