Latest Clean Sweep Auction Closes Feb 6

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Posted By: Steve

Corey,

As always you are among the most erudite posters on this forum. As far as scenario one, you are absolutely correct. If people do not want to leave max bids, I understand this as there is no doubt shilling going on in many auctions but I think we are the only one that ACTIVELY VERIFIES that consignors are not bidding on their own lots and have removed bids entirely when this has taken place. The logical conclusion to us, either way, of that approach is that the auction will then go all night. We find with our auction that a very similar number of bidders are the last bidders each time and naturally, they do not leave max bids.

For scenario 2, you also bring up a good point but we are trying to come up with a partial solution to this problem but we have not yet envisioned a solution to that issue and we would only hope, as has happened the first time we did this, that nearly all bidding will be over by about 1:30 AM EST.

Hope this helps and thanks for the input - Steve