LELANDS.COM SPRING 2014 CATALOG - AUCTION Final Day to Bid !!

[vintagehofrookies]

Originally Posted by thecatspajamas

If there are no bids on ANY lot in the entire auction for 10 minutes, then the whole auction closes. If any lot anywhere in the auction receives a bid, the 10-minute clock for the entire auction resets. They don't do it on a lot-by-lot basis.

The only way your scenario of you being declared the winner at 9:10 PM is if you were the ONLY bidder on the lot at 9:00, which would mean nobody else would be able to bid against you (since you have to bid on a lot before 9:00 to be able to bid on it after 9:00).

ah I see, ok I'm def. not a fan of that process, lol.

[parker1b2]

Originally Posted by vintagehofrookies

ah I see, ok I'm def. not a fan of that process, lol.

Same here. I was under bidder on a lot and watching a few others that was going to bid on, and probably would have been more aggressive for them, but still have a bad taste in my mouth from my first experience with Leland's in their last auction. In their last auction, I stayed up till after 3am and was winning on 2 lots( with no activity or bids since the auction "ended") went to bed woke up and lost both lots. It is very frustrating, especially staying up very late just to lose out.

[jefferyepayne]

I've become a huge proponent of auctions that close lot by lot. I know there are pros and cons to every format but I, for one, am tired of staying up until 5am EST and then dragging myself to work.

The only way this is ever going to change is if a large number of serious collectors (I wonder where we could find those!) STOP bidding on auctions where all lots close at the same time. Or at least make it clear to auction houses that you plan to allocate much more of your funds to auctions that end in a lot by lot manner.

I'm doing my part to deal with this issue, are you?

For those that are wondering, here is a partial list of auction houses that close lot by lot. Feel free to add more to the list!

Baggers
Brockelman & Luckey
Bussineau
Heritage
Huggins & Scott
Joe’s Vintage Sports Cards Auctions
Legendary Auctions
Mears Auctions

jeff