REA Fall Auction Ends TODAY With New 12 PM Noon Eastern Deadline For Initial Bids!

[perezfan]

Originally Posted by BeanTown

Mark, I think bidders during extended time can open up a lot if no bids are placed on it. So, the two lots you mentioned without bids could in fact get bids Sunday afternoon. I'm not 100 percent on that, but pretty sure that's how they do it. You made a good point that most the net54 members know when the extended time begins compared to other non members. I wonder what that percentage would be in non members. My guess is it's low.

I think another reason we see prices at investment prices is because of the flood of material hitting the market right now. I have 20lbs of auction catalogs on my desk that will be closing in the next couple of weeks.

Thanks for clarifying this. I was not aware that items with no bids could potentially be re-opened for bidding. Most auctions do not, in fact do that.