I've been arguing for lot by lot closings of auctions for years now. Auction end times are getting more and more ridiculous. If you talk to auction houses, they will tell you they believe that lot by lot closings reduce the final prices they will get for items. I personally don't believe this and have never seen a study that shows this is true.
The only way this is going to change is for those who care to stop bidding on auctions that don't end lot by lot. I know that takes fortitude but if you want something to change, you need to be part of the solution instead of the problem.
I've been allocating more and more $$$ to auctions that close lot by lot in addition to completely refusing to place bids in auctions that include 1) owners who are in prison or 2) owners who have cheated little old ladies out of their retirement funds on tv.
It's time for this hobby to clean itself up. Are you part of the solution or the problem?
jeff
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