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#1
06-22-2007, 10:41 PM
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Mastro auction VERY strange!
Posted By: Jeff Lichtman
Nothing was broken. I think the 30 minute individual rule just encourages bidders to make their best bids earlier, knowing that you can't outlast the next guy anymore. Last night I was bidding on two cards that went past 1:30 - obviously I was bidding against one person on each item and it was going back and forth. Hal, compare how this auction ended with REA: REA's final prices were often 50% higher than what they were at the time the 30 minute rule kicked in. In the end, I have no doubt that the realized values would be pretty much the same in either format. 
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