Important Updates From REA Including a Modern Take on the Auction Closing Method

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#28

09-28-2016, 05:51 PM

Peter_Spaeth Peter_Spaeth is offline

Peter Spaeth

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Join Date: Apr 2009

Posts: 33,696

Quote:

Originally Posted by Beastmode

+++ Although I applaud REA for doing this, feels like arranging deck chairs on the Titanic. Enough already, end the auction at the closing time. PWCC has got to be on their radar. Maybe these two firms can merge and use the PWCC platform.

That would make sense for the AH but for the reluctance people have to place top alls, unlike on ebay where there is no rational or even irrational reason not to place a snipe. AH is better off with overtime bids especially as people tend to get irrational or super competitive or drunk.

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Last edited by Peter_Spaeth; 09-28-2016 at 05:52 PM.

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