Jeff- Rob only does have one auction a year, and if his were the only one ending in the middle of the night then point well taken. But there are an endless number of major auctions, perhaps 30 or 40 a year, and they all end too late. Just because some end at 2:00 AM instead of 4:00 AM doesn't make that a reasonable closing time. All the auctions need to find a way to compress the bidding and get to the end by say around midnight.
REA clearly needs a lot of time to process more than 1000 lots, many of them quite expensive. But why couldn't his twelve hour bonus period become an eight hour one, and end around midnight? It very easily could without any loss of revenue.
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