The way auctions close?

[kkkkandp]

I like the item-by-item closing approach and think Dave Schrader's way of doing it is pretty decent. Every lot has a fixed closing time so it's either bid or get out. I think perhaps the 30 seconds between lots might be a tad short especially if you are bidding on a couple of lots that close one after the other and might need some more time to rethink your strategy.

Letting auctions run until 6:00 AM (or whatever) the next day just seems crazy to me.

[rats60]

I would close the auction lot by lot. I would also get rid of the 30 minute or 15 minute reset. 5 minutes is enough. In my case, I would place more bids with more collector friendly rules. I'm not going to stay up all night to bid on a card.

As is, I'll just place a bid if I really want something and if I get out bid in the middle of the night , I don't win, the auction house leaves money on the table. There was a card Sat night that I was interested in, but I chose to not even bid because of the rules. The card sat at the same price for a long time, but after I went to bed, someone came in and won the lot.

[4815162342]

I think we simplify these auction rules à la

Cones of Dunshire
cones.JPG

or

Pile of Bullets
pile.JPG

In all seriousness, 5 minute bid intervals sounds good too.