I'm getting some extra rest for REA Saturday

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#27

04-28-2010, 03:05 PM

T206Collector T206Collector is offline

Paul

Join Date: Apr 2009

Posts: 4,688

Quote:

Originally Posted by Jim VB

That would prevent bidders from changing strategies and shifting to a different item, if they are past their limit on another item.

Exactly right. To close each lot individually is only a benefit to certain bidders, but certainly not consignors. Let's say you have $10,000 to bid in the auction and you are going hard after a T206 Green Cobb which eclipses the $10,000 mark at 11:00 PM. Under an individually closed lot auction, that $10,000 might not get spent on another lot if it has already closed. But in REA, you can move that $10,000 to other auctions after 11:00 PM.

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Last edited by T206Collector; 04-28-2010 at 03:06 PM.

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