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REA changing their extended bidding process
According to an email I received from REA today, they are changing their extended bidding process starting with their September auction. Extended bidding for the entire auction will now go only until 10:00 PM (instead of midnight) when lot by lot closing will start. Individual lots will close after 20 minutes without bids (instead of 15).
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Hallelujah!
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Damn, I rather enjoyed the West Coast bias on auction night.
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Benefits more than offset by raising buyer premium to 23%. Apparently the obnoxious 2% increase Goldin and Heritage did was not enough for them.
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Great move.
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Awesome news. The older I get, the harder it is to stay awake, especially on Sunday night.
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All times are GMT -6. The time now is 03:50 AM. |