Clean Sweeps - 1923 Lections Babe Ruth

[jayshum]

Originally Posted by Snapolit1

Very odd to me. Isn’t the whole idea of middle of the night extended bidding that you want people to keep bidding as long as they can stay awake. How does this help sellers or consignors. Maybe I’m missing something.

I've known Steve (Clean Sweep) a long time, but I never asked him why they had that rule. My guess has always been that they don't like staying up into the middle of the night so if they have to, they're going to make more money from it.

The following is also in their rules. I'm not sure if it has always been or if it was added when they changed to lot by lot closing. Definitely makes it seem like they want to encourage people to put their best bids in earlier rather than later.

IF THE AUCTION GOES AS LATE AS 2:45 AM EST, THE AUCTIONEER HAS THE RIGHT TO END IT AT ANY TIME WITH TEN MINUTES NOTICE.

You're right that the higher BP after a certain time could negatively impact sellers if it stops people from continuing to bid after a certain time. Apparently it hasn't been a big enough problem for them to remove the rule, though.