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View Poll Results: Which auction house closing method do you prefer:
All lots close after no bids for 15 minutes (a.k.a. the 15 minute rule or all-nighter rule). 9 6.52%
Lots close after 15 minutes of receiving no bids after extended bidding starts. 119 86.23%
Select option 3 if there is another preferred method and please post the method in the thread. 10 7.25%
Voters: 138. You may not vote on this poll

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  #1  
Old 10-07-2024, 02:19 PM
molenick's Avatar
molenick molenick is offline
Michael
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I hope dealers are looking at this because I don't think there has ever been a Net54 poll where there was such overwhelming agreement.

As for making up our own rules (such as, "no one else can bid") I would like the ability to retroactively increase my bids on closed auctions. I will even be reasonable and limit it to "auctions that closed within the last 30 days".

Because recently there were five or six auctions closing within a few weeks of each other where each had items I was interested in. And every time I stopped bidding, in my mind it was because I could allocate that money towards the next auction. Then it came down to LOTG and Heritage and I thought, well, those are the lots I REALLY want, so I'm glad I saved money from the prior auctions.

And when my multi-increment-higher max bid got topped on the LOTG lot I wanted, I thought "I am going to bid whatever it takes to get the Heritage lot". And then I ran into someone else who felt the same way and I just couldn't justify spending three times more than I originally thought the lot would go for.

So now that I have extra cash on hand, I want to go back to LOTG, REA, Sterling, Brockelman, Mile High, etc. and keep bidding on closed lots!
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  #2  
Old 10-07-2024, 02:50 PM
raulus raulus is offline
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Quote:
Originally Posted by molenick View Post
So now that I have extra cash on hand, I want to go back to LOTG, REA, Sterling, Brockelman, Mile High, etc. and keep bidding on closed lots!
Luckily for all of us, there is always the next auction. No need to spend it all today if you can save it for the next auction opening tomorrow.
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  #3  
Old 10-07-2024, 07:11 PM
jefferyepayne jefferyepayne is offline
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Overwhelming for sure. But hey, the auctioneers know better ...

jeff
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