Auction closing methods - individual vs. simultaneous lot closing

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#11

04-30-2007, 12:56 PM

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Auction closing methods - individual vs. simultaneous lot closing

Posted By: Frank Evanov

Ron talks of fairness, but the REA method of closing the auction at their discretion is unfair to us East Coast guys. I went to sleep at 12:45 PM last night not knowing if I won anything AND if I was outbid, I would not have been able to re-bid on that item or bid on another item that I had been outbid on. And I don't want to hear about Max bids...that's not a reaonable option.

Mastro's system is excellent. Most lots are closed by 12:30 PM EST; that's what I call fair.

Frank

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