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Posted By: scott brockelman

without a doubt is the best system, dragging it on all night is an antiquated method which does not bring in higher totals to consignors. In some cases I would venture less, because there is no flurry of bids at the end. I for one will no longer stay up all night. In 2 recent auctions the seller lost money from me as my max was topped in the wee hours of the morning and I was outbid. I never knew it and never bid again, I was willing to pay more, just didn't think I would have to. Had this been a individual lot closing auction the action would have developed much sooner and quicker, creating a competitive environment and I would have bid much higher to secure the lot.

So for me anyway, the allnight auctions will not be getting my support in the wee hours of the morning.

As Jay stated, once people understand the individual closing and it's merits you will see more spirited bidding earlier and higher prices realized to both house and consignor.

Scott