I agree that ending auctions all at one is better for the consignors and also agree Saturday closings make more sense. My question is this.
If REA (and any other house) know there will be on average say 12 hours of extended bidding why not close the auction at noon EST? Is it too much to ask the PST bidders to be up at 9am on a Sat morning? Then it becomes less about attrition and fair for everyone.
I personally think all of these auctions ending in the wee hours of the morning is ridiculous. If someone can make a case for how that is better for the consignor I would love to hear it.
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