REA Clock?

[Archive]

Posted By: Mark

I'll support Joann on this. And obviously the jury will always be split, with a majority of East Coast people likely preferring Mastro's method.

I am surprised to see all of the complaining though... it has been this way since the onset, and the REA method is still employed by most others in the Industry. Auction houses such as Lelands, Grey Flannel, Vintage Authentics, AMI, Clean Sweep (Steve Verkman), Barry, Memory Lane, Historic Auctions, Bricol, etc, are all still doing it the same. Since it seems that at least 80% are still doing it this way, what's with the sudden outrage this time around?

Since Mastro is obviously sticking with their "Individual Lot Closing" format, I do think it's great that they lessened the 2 hour waiting period down to one. It will be really interesting to see how Barry's descending extended bidding periods work... to me, this seems like the best solution of all.