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#13

05-26-2010, 01:12 PM

oldjudge

j'a'y mi.ll.e.r

Join Date: May 2009

Location: The Bronx

Posts: 5,872

Jim--I understand what you are saying. I decide before the auction's last day which lots I will bid on. If I am knocked out on these lots I don't reallocate to others. I just stop. In REA I stay up to the bitter end so, for my purchases, the method of closing does not make a difference. In some other auctions that end at one time I don't bid on lots that I might otherwise bid on if the lots closed individually because I won't leave an up to with them and I won't stay up all night due to the lower-than-REA quality of material. In those auctions the "all lots close together" procedure actually reduces what I spend.

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