I'm getting some extra rest for REA Saturday

[glchen]

The 30min rule / extended session is supposed to prevent the sniping you see on eBay and get the maximum bid for an item. However, I don't know if this necessarily gets the maximum money for consignors. I think it's more of an advantage (probably) for bidders on the West Coast who can stay up later (4am EST is *only* 1am PST). You have the max bid on your item, and there is no bidding on it for hours, and you go to bed thinking that you have won the auction. Then you wake up, and somebody puts in a bid at 3am EST because that bidder is aware of the typically end times for these auctions. I know that you are supposed to put in your max autobid, but I would think that pretty much everyone would re-think that max bid in extended session. This is just IMHO.

Originally Posted by T206Collector

While I can certainly see this point from a bidder's perspective, consignors would much rather have the money that doesn't win cards late in the night available for allocation to their auctions. At least if you didn't bid in the item before 4:00PM on Saturday, you are closed out of entering the bidding on a new item late.