Closing methods of Mastro Auctions etc......

[Archive]

Posted By: Jeff Lichtman

I like how Mastro ends because you can see the clock tick down and it's over when it hits zero. I certainly understand that it can frustrate some people who lose their chance at a lot because it's already closed, unlike REA that closes all at once. However, if my memory serves correctly -- and it might not -- didn't REA's clock reach zero many hours before the auction ended last year? I have a recollection that just when I thought the auction was over -- the updated clock on each lot was down to zero -- the auction continued on for hours and hours. If that is the case, is the 30 minute rule not enforced? Or were the clocks just not working? If anyone can confirm my recollection as being accurate, I'll email Rob and find out what's up.