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#18
08-19-2019, 01:04 PM
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Quote:
As for closing method, my favorite is a live auction format. Start with Lot 1, fight it out, move on to Lot 2. Every on line closing method has issues. If I were running an auction house I would use a variation of LOTG’s closing. All lots with no bids in the last half hour close at 11PM EDT. All remaining lots close individually with a 5 minute rule. This eliminates the traffic jam at the end and has virtually everyone to bed by midnight. 
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