REA wins last night?

[raulus]

Originally Posted by perezfan

I wish they'd just keep the entire auction open like they used to. I bet many consignors left significant money on the table.

-1 for me.

I suspect that plenty of us either give up or decline to participate in auctions that run all night until the wee hours of the next morning.

I guess we can debate whether the net effect is positive or negative on final bids. But personally, the all night approach is a real drag on my motivation to participate.

[perezfan]

Originally Posted by raulus

-1 for me.

I suspect that plenty of us either give up or decline to participate in auctions that run all night until the wee hours of the next morning.

I guess we can debate whether the net effect is positive or negative on final bids. But personally, the all night approach is a real drag on my motivation to participate.

Yeah, I get it... And I'm sure most people are in your camp.

Did not mean for this to turn into yet another thread on auction closing formats. I know that's been done to death, and opinions are like a$$holes...everybody has one, and thy usually stink.

I was just venting, as there were 4 or 5 lots I would've pursued, had they not closed mere seconds before I could make the switchover. My budget is finite, so I could not go all-in on everything that I was eyeing prior to the overtime.

[raulus]

Originally Posted by perezfan

Yeah, I get it... And I'm sure most people are in your camp.

Did not mean for this to turn into yet another thread on auction closing formats. I know that's been done to death, and opinions are like a$$holes...everybody has one, and thy usually stink.

I was just venting, as there were 4 or 5 lots I would've pursued, had they not closed mere seconds before I could make the switchover. My budget is finite, so I could not go all-in on everything that I was eyeing prior to the overtime.

I hear you.

I guess there’s no perfect system that always works for everyone all the time.

I suspect this system works better for me largely because I’m typically only in on 2-3 lots at most in any one auction. I might put in placeholder bids on a half dozen or more, but by the time we get to extended bidding, I’m usually down to a very short list. So I’m rarely having to juggle multiple priorities and try to figure it out while the clock keeps running me down.