REA: Will you make it to the end?

[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!

[Adam]

Things still going strong, nice few jumps for the T206 Doyle!

[three25hits]

Closed.

[Jeff D]

Based on the improvements I've seen in the new Net54 Board, I would say that there must be an advance in auction software that would allow a "live" switch from whole auction 15 minute rule to lot by lot...individual lots ending 15 minutes without a bid.

REA could start this at 2:20 ET.