Let's talk about auctions

[Oscar_Stanage]

Originally Posted by Casey2296

I'm advocating for lot by lot like the recent Birmingham. I might have 6-7 lots I'm bidding on and prefer concentrating on the dynamics of just those lots. It doesn't help if the clock on my lot(s) is affected by the action on a lot that I have no interest in.

Is the REA format different?

[Casey2296]

Originally Posted by Wid_Conroy

Is the REA format different?

From 6pm EST until midnight extended bidding remains open on all lots as long as there is action on any lot, only after midnight does it switch to lot by lot with a 10 minute timer.

Other auction formats move to extended bidding with a timer on a lot by lot closing immediately at the close of auction.