Why the extended bidding?

[butchie_t]

Originally Posted by Flintboy

I keep reading about auction houses and “extended bidding” what’s the reason for it? Why not just say the auction ends on X date and time and high bid wins it? I continually read horror story after horror story about these auctions and it seems to always involve “extended bidding”. I always buy off eBay and here on the BST so my knowledge on auction houses is pretty non existent, hence my question.

I can tell you from a recent auction that I consigned items to. I freaking like it! I had an item increase my return by a couple hundred bucks. Something that would not have happened if the auction would have had a hard close.

In the words of Martha Stewart. ‘It’s a good thing.’

Butch

[mrreality68]

Originally Posted by butchie_t

I can tell you from a recent auction that I consigned items to. I freaking like it! I had an item increase my return by a couple hundred bucks. Something that would not have happened if the auction would have had a hard close.

In the words of Martha Stewart. ‘It’s a good thing.’

Butch

and that is the reason well versed. More money for the consignor means more money for the Auction House.

Only thing is just wish some Auction Houses limited the extended bid better so it does not sometimes go until 4am, 5am or longer