Quote:
Originally Posted by aljurgela
I figured that I would voice my distaste for the method. It just seems odd to me that an item that gets a couple of bid from 9PM to 3AM is still open.
In my case, there is a card that I am leading and then someone bids against my Auto bid at 11PM or so, so that it will not close in the first round and then does not bid again until I am asleep (say 2:30AM).
Now in fairness they did go over my auto-bid, so I probably would not have won, but I am fast asleep at 3AM so even if I want to bid one more increment, I did not.
I also "miss" items on the individual clocks of some auction houses when bidding on many items, but for some reason that bothers me less than the bid against me while I am sleeping.
Anyway, seems like I am in the minority and most seem to like LOTG auction format. I was glad with REA went away from "whole auction at once" and have fully embraced the individual clocks.
Just my take.
btw... Al Jurgela is my full name
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I agree with this of course. And thats my push back a little bit with the way the auction ends. People are saying its great for a Cosignor because it stays open longer. I would argue so many people are asleep which probably limits the chance of any bidding wars. As a cosingnor thats your dream situation. FOMO kicks in. Heat of the moment and a bid war breaks out. That is unlikely if you know an item is going to stay open until 4 am. The goal as a bidder in that situation is to wait until 4 am and take out the persons max bid at the last possible second and hope they are asleep and no chance for a bid war. I will say this again. I think Al does a great job. LOTG is gaining market share and deservedly so. I just think he could tweak how it closes a little bit. Just my opinion.
09-30-2024, 08:00 PM
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