Quote:
Originally Posted by Mark17
"Nightmare?" They will profit nicely from this nightmare.
Not saying it was planned, but they sure found a way to take advantage of the situation.
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I think people vastly overestimate the "advantage" a situation like this brings to the auction company. For every person who decides to throw a few bids they might not have (which really doesn't make much sense) there are several who might have still been interested in bidding yesterday who are pissed and won't bid today.
But let's spitball and make up a number. Let's say this adds something crazy like $250k in bids that they WOULDN'T have gotten yesterday. That would likely add about $62,500 to REA's bottom line. Does anyone REALLY think this hassle, bad publicity, pissed off buyers AND consignors (consignors like things to go as planned, period) and aggravation is worth $62,500 to REA?