REA Clock?

[Archive]

Posted By: Joann

Hi Jay,

I understand what you are saying about being outlasted - I'm on EDT myself and have never stayed up for one of these.

But while the bidding war on the Ruth may not have been juggling funds (and you make a good argument on that one), it also seems strange to me that it was a matter of someone wanting to go to sleep too.

If you are so bound and determined to have that Ruth that you are going to spend $500K, and also increase by $200K in the last few hours, it's hard for me to see that someone lost the card because they finally gave up and went to bed?

You're right. That is a strange one. But I bet the person that won it won because the underbidder decided not to go higher, not because the underbidder decided to go to bed. And I hope no one on a card that high decided that trying to wait someone out was going to work.

Joann