Poll: Auction House Closing Method

[Exhibitman]

I prefer the free-for all OT. I am on a budget, so the more flexibility I have, the better. Lot by lot closings are a PITA to track and work through; see my column on the subject. I had to spend hours actively participating in a Heritage closing in real time because I had to track and coordinate my bids on multiple items. I'd rather not have to do that.

That said, I do like the format where there is a double-overtime that closes lots individually for no activity after 15 minutes once the initial 3-4 hours of freeform OT are over. At that point there is no need to hold everything and everyone hostage to what may be a few bidders cutting each other to pieces over one lot.

I also like the idea of a lot with only one bid closing at the end of regulation. No need to OT one of those.

As a final twist, I would like to see any lots that failed to open be available for a single bid in OT. Might get some stuff sold that would otherwise pass.