Why the extended bidding?

[Aquarian Sports Cards]

Originally Posted by jayshum

Some of the Hunt Auctions that are live online do close in order by lot without moving to the next lot until the current one has no more bids. They do take quite a while to get through all the lots, but so far, none of the ones that I have followed have taken days.

How many lots?

There are a couple of companies that don't specialize in sports that do this as well. I love them because they are usually places to snap up bargains.

[jayshum]

Originally Posted by Aquarian Sports Cards

How many lots?

There are a couple of companies that don't specialize in sports that do this as well. I love them because they are usually places to snap up bargains.

Hunt usually has around 1000 lots. They have pre-bidding for several weeks on their website which ends the night before the live online auction takes place so there are already bids on lots which is where the bidding starts at. The live online auction part that I have done for Hunt is through invaluable.com.

[Aquarian Sports Cards]

Originally Posted by jayshum

Hunt usually has around 1000 lots. They have pre-bidding for several weeks on their website which ends the night before the live online auction takes place so there are already bids on lots which is where the bidding starts at. The live online auction part that I have done for Hunt is through invaluable.com.

OK Pre bidding SHOULD tighten things up a little bit, but I bet it ran about 6 hours.

Also that's 1000 lots. Very different than the 3000 plus of a major auction. Live I could've gotten through 1000 lots in roughly 10 hours with no pre-bidding.

[Carter08]

Originally Posted by Aquarian Sports Cards

OK Pre bidding SHOULD tighten things up a little bit, but I bet it ran about 6 hours.

Also that's 1000 lots. Very different than the 3000 plus of a major auction. Live I could've gotten through 1000 lots in roughly 10 hours with no pre-bidding.

The Hunt live auction is a fun way of doing it. It does take a long time though.

[BobC]

Originally Posted by Carter08

The Hunt live auction is a fun way of doing it. It does take a long time though.

When Paul Fusco of Fusco Auctions was still with us, used to love going to his combined live/internet auctions in person. People would pre-bid online, and then the live bidding would start at a designated time, just like extended bidding. Paul would then go through, lot by lot, and sell each lot live and in order. His wife, Debbie, sat next to him on his right-hand side and monitored the computer and online bids as they came in, calling them out alongside bids coming from people in the audience. He told me one time he was on 5 different online auction sites all at the same time, and that even people in China could be bidding live against you in attendance.

Paul was very quick and dedicated, and when on a roll could get through 75-100+ lots per hour. Still, you could easily be there a good 4-5-6 hours waiting for the lot(s) you were interested in to come up, and for the auction to finally end. He always used to bring in pizza/sandwiches and pop partway through the auction for those in attendance. One of the nicer things of attending his auctions live was you could come early and have a chance to personally see and examine everything in the auction. Also, as each auction lot closed, his staff would bring you the auction item(s) you had won. He also always had another staffer or two then handling a checkout/cashier's office where you could pay for everything whenever you were ready to go. You didn't have to wait till the entire auction was over to pay and be on your way. They constantly updated people's winning bids in the cashier's office. Also, by being in attendance and paying by cash/check, there was no surcharge the online winners usually got tagged with for paying by credit card. And if you did stay to the end, you were usually rewarded with several late auction entries that were not available to online bidders, only those in attendance. These late, live auction only lots, also generally included what Paul called "balance of one man's collection" lots, which would sometimes literally cover entire tables, or be stuffed into single or multiple boxes. Never knew what you would find, but had fun just looking through them. It was the stuff Paul said he couldn't usually see selling as individu.al items or in small lots, or that he didn't want to have to pack up and pay to have shipped to some online buyer. Aaahhh, those were the days.

[Aquarian Sports Cards]

Originally Posted by BobC

When Paul Fusco of Fusco Auctions was still with us, used to love going to his combined live/internet auctions in person. People would pre-bid online, and then the live bidding would start at a designated time, just like extended bidding. Paul would then go through, lot by lot, and sell each lot live and in order. His wife, Debbie, sat next to him on his right-hand side and monitored the computer and online bids as they came in, calling them out alongside bids coming from people in the audience. He told me one time he was on 5 different online auction sites all at the same time, and that even people in China could be bidding live against you in attendance.

Paul was very quick and dedicated, and when on a roll could get through 75-100+ lots per hour. Still, you could easily be there a good 4-5-6 hours waiting for the lot(s) you were interested in to come up, and for the auction to finally end. He always used to bring in pizza/sandwiches and pop partway through the auction for those in attendance. One of the nicer things of attending his auctions live was you could come early and have a chance to personally see and examine everything in the auction. Also, as each auction lot closed, his staff would bring you the auction item(s) you had won. He also always had another staffer or two then handling a checkout/cashier's office where you could pay for everything whenever you were ready to go. You didn't have to wait till the entire auction was over to pay and be on your way. They constantly updated people's winning bids in the cashier's office. Also, by being in attendance and paying by cash/check, there was no surcharge the online winners usually got tagged with for paying by credit card. And if you did stay to the end, you were usually rewarded with several late auction entries that were not available to online bidders, only those in attendance. These late, live auction only lots, also generally included what Paul called "balance of one man's collection" lots, which would sometimes literally cover entire tables, or be stuffed into single or multiple boxes. Never knew what you would find, but had fun just looking through them. It was the stuff Paul said he couldn't usually see selling as individu.al items or in small lots, or that he didn't want to have to pack up and pay to have shipped to some online buyer. Aaahhh, those were the days.

Reminds me very much of our live auctions except we were live-only, no internet bidding.

[JollyElm]

551. Undeadline
The continually reanimated ending time of an auction with “extended bidding” rules in play.

[BobC]

Originally Posted by Aquarian Sports Cards

Reminds me very much of our live auctions except we were live-only, no internet bidding.

If I lived close, would gladly be coming. Live auctions are fun though.