Bidders can make up all kinds of excuses. The bottom line is that there were ample opportunities to bid during the windows that kept opening. So far, items in which there were no bids at any time after the original scheduled Closing are now increasing as a result if the new extension. In my case, it's not that the new bidders were shut out during the 10 minute clock time (though as noted they had windows), no one had bid at all after the initial closing time. It is now costing me, plus the Buyer's Premium. Frankly, REA is insured for loss and, if this is going to be allowed, the Buyer's premium should be waived in my opinion.
|