Poll: Auction House Closing Method

[Exhibitman]

I prefer the free-for all OT. I am on a budget, so the more flexibility I have, the better. Lot by lot closings are a PITA to track and work through; see my column on the subject. I had to spend hours actively participating in a Heritage closing in real time because I had to track and coordinate my bids on multiple items. I'd rather not have to do that.

That said, I do like the format where there is a double-overtime that closes lots individually for no activity after 15 minutes once the initial 3-4 hours of freeform OT are over. At that point there is no need to hold everything and everyone hostage to what may be a few bidders cutting each other to pieces over one lot.

I also like the idea of a lot with only one bid closing at the end of regulation. No need to OT one of those.

As a final twist, I would like to see any lots that failed to open be available for a single bid in OT. Might get some stuff sold that would otherwise pass.

[Eric72]

Originally Posted by Exhibitman

...I would like to see any lots that failed to open be available for a single bid in OT. Might get some stuff sold that would otherwise pass.

+1

[doug.goodman]

Originally Posted by Eric72

+1

I actually was looking thru the no bid items in LOTG the other night while waiting for the end and saw a couple items that I thought to myself "oh darn, that's kind of cool, sorry I didn't notice it before 9 pm".

[vintagerookies51]

C. All items have a set end point and close at that time, like eBay. I'm never usually going for multiple items

[BillyCoxDodgers3B]

As an aside, I'm not a fan of "you must have initial bids placed by [insert time here]". Any bid should be accepted at any time before the actual closing time.

[Eric72]

Originally Posted by BillyCoxDodgers3B

As an aside, I'm not a fan of "you must have initial bids placed by [insert time here]". Any bid should be accepted at any time before the actual closing time.

If you think auctions run long now...

[Casey2296]

Originally Posted by BillyCoxDodgers3B

As an aside, I'm not a fan of "you must have initial bids placed by [insert time here]". Any bid should be accepted at any time before the actual closing time.

Yea no, auction night is chaotic enough without free for all rules.

[aljurgela]

i just do not feel like it is fair to "give the last look" to someone up at 3AM.

[jayshum]

Originally Posted by BillyCoxDodgers3B

As an aside, I'm not a fan of "you must have initial bids placed by [insert time here]". Any bid should be accepted at any time before the actual closing time.

Originally Posted by Casey2296

Yea no, auction night is chaotic enough without free for all rules.

Some auctions are already running in a way close to this. Sterling lets you bid on any lot in extended bidding as long as you bid on at least one lot before extended bidding starts.

Clean Sweep lets you bid on any lot in extended bidding if you bid on at least 10 lots before extended bidding.