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Posted By: barrysloate

As an auctioneer myself I am amused by this discussion. People stay up to all hours sacrificing a night's sleep and don't win the lots anyway. Isn't it better to leave a ceiling at 11:00 and get to bed?. By the time the auction reaches 3:00 AM, you are probably so frustrated that you find yourself bidding higher than the ceiling you were thinking of leaving at 11:00. And if more people left ceilings, auctions wouldn't go until 4:00 AM. Everybody is trying to be the last bidder and that just keeps it going longer. It really is a kind of humorous Catch-22.