Closing Tonight: Love of the Game Auctions

[wolf441]

Originally Posted by Leon

I think we all love Al (hey Al). I love him as much as the next guy, in a brotherly way of course. That said I hope there is a way to find a better way to close in the future. It was a great auction. I won some items and consign and will continue all of the above. But when a strategy is to either stay awake for 24 hours or set your alarm clock to get up at the closing, it would seem a better way to end can be had. We love ya' Al. I will continue bidding, consigning, hanging out with you....inviting you to my house, but please, from the bottom of my collector/dealer/investor heart, find a different way to close. Great auction, can't wait for the next one!!

.

+1. A sign that an auction is running too long is when you wake up at 4:30 AM to go to the bathroom and are still the high bidder and then get up at 8:00 AM to find that you've been outbid at some point before the close!

and with that said, I also agree that Al is a great guy!!

[philliesphan]

Well - as a collector based in London, I very much appreciate all auctions that go past 1 a.m. EST, because I sleep like a baby, and deal with bids when I wake up in the morning.

Some of the other auction formats force me in that "stay up all night" or just don't bid category, and many a times I've went to bed and woke up a loser. (Well - every day for that matter, but I digress)

[Peter_Spaeth]

It seems unnecessary and, frankly, obnoxious, to me. And that of course applies to all auctions with this I'll end it when I feel like it at some ungodly hour format. I cannot believe any significant additional revenue for consignors is generated by this model as opposed to either a fixed ending time which forces guys to bid, or a Heritage-style ending where most lots are over early.

[botn]

Doubt we will all agree on the best closing method however Heritage, who I think we can all agree is #1, has a great system. Heritage gets top dollar and their consignors seem to be happy. I agree that leaving the auction open endlessly like this is pretty silly.

[mantlefan]

Originally Posted by Peter_Spaeth

It seems unnecessary and, frankly, obnoxious, to me. And that of course applies to all auctions with this I'll end it when I feel like it at some ungodly hour format. I cannot believe any significant additional revenue for consignors is generated by this model as opposed to either a fixed ending time which forces guys to bid, or a Heritage-style ending where most lots are over early.

Peter speaks the truth!