REA: Will you make it to the end?

[jmk59]

Even with the "close any time after 11:00" rule, I can't see it shutting down anytime soon. Look at all of the value added between 11:15 and 11:30. Even if you account for the autobids kicking in, there were still a handful of significant lots that went up.

Is someone in "gotta have it" mode on the Hutson jersey, or is that an expected price for that? Wow. Just that one bid alone during that 15 minute interval was a $5K bump, $6 with bp.

I suspect they aren't going anywhere soon.

J

[calvindog]

The "recent bids" feature cuts both ways: bidders could wait for things to really slow down before dropping their next bids, unlike in previous years where REA was really like shooting in the dark. In essence, the feature is just a true 15 minute clock which actually resets after each bid.

[Matt]

Originally Posted by calvindog

The "recent bids" feature cuts both ways: bidders could wait for things to really slow down before dropping their next bids, unlike in previous years where REA was really like shooting in the dark. In essence, the feature is just a true 15 minute clock which actually resets after each bid.

I dunno - the REA rules say that the 15 minute concept dies at 11 PM and now it's just up to whenever Rob feels like it's been enough.

[calvindog]

Originally Posted by Matt

I dunno - the REA rules say that the 15 minute concept dies at 11 PM and now it's just up to whenever Rob feels like it's been enough.

Agreed--but do you realistically think that Rob is shutting this thing down unless and until the bids start coming in reallllly slowly? It's just starting to heat up now!

[Matt]

Originally Posted by calvindog

Agreed--but do you realistically think that Rob is shutting this thing down unless and until the bids start coming in reallllly slowly? It's just starting to heat up now!

No way it closes before 2 AM; just pointing out that seeing that another bid has been placed doesn't matter all that much since there is no 15 minute clock being renewed anymore.

[Leon]

I think that is what I am getting at. I think this is fine though....Hopefully folks will just place their bids and not have to wait till the last second.....I am not waiting......high on a few so we shall see...I might put a pot of coffee on

[jmk59]

Shoot. I should pack it in before I decide to start bidding on things again!

[Leon]

I don't think so.....I think it is still in 15 minute increments....but could be wrong

meaning it starts over if there is a bid in the previous 15 minutes....but I sort of like actual clocks better...I am not sure if this is one or not...

[Matt]

"After 11:00 PM EDT, we may close the auction without reference to the fifteen minute rule."

[calvindog]

Originally Posted by Leon

I don't think so.....I think it is still in 15 minute increments....but could be wrong

meaning it starts over if there is a bid in the previous 15 minutes....but I sort of like actual clocks better...I am not sure if this is one or not...

No, what I mean is that by looking at the time of the latest bids...a bidder can see some spacing of 5 mins..then 8...then 9...and when it starts getting late...just pull the trigger. Previously we had no clue when it would end.

Nonetheless, I don't see this thing ending before 3 am EST anyway.