REA and other auctions, ridiculous delays

[AMBST95]

Originally Posted by sb1

I would be willing to bet that if this were tried, the auction would end at 2-4 am the next night, rather than in the afternoon.

I'm just saying that if you're going to pick a random time to end an ongoing auction, do it while everyone is awake. What's the harm in letting extended bidding run a few more hours if bids still keep coming in? This way your bidders don't feel like they get taken advantage of based on where they live and your consigners get the extra bidding time to realize a higher profit. By just adjusting the time of the start of extended bidding you would be able to accomplish this. Start it at like 8am EST so the East Coast can get the ball rolling and end it around midnight if bids still are coming in and the whole country is reasonably awake still. No different than the current set up except now you lose bidders due to exhaustion.