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#11

05-26-2010, 11:36 AM

Jim VB

Member

Join Date: Apr 2009

Posts: 2,090

Quote:

Originally Posted by oldjudge

Their Old Judge prices were quite strong. I believe that their closing method is the best in the industry.

Jay,

I agree that from a bidder's point of view, this way is the most convenient. But compared to REA, for example, this way may leave some money on the table.

On a lot I won in REA, I was 100% at my limit. I would not have gone one bid more. Had I been outbid, I would have walked. But I knew exactly which 3 lots I would have moved that money to.

Using the Legendary method, those lots might have already been closed. If that were the case, I would not have spent that money, and consigners somewhere would have been poorer.

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Jim Van Brunt

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