Max bid at AH. Use it?

[BeanTown]

Never a good idea to place a max or top all bid with any AH. I feel all AHs should have their lots close on a per lot basis or a hard close time. Making bidders stay up all night long to bid, promotes bidders to use the AH top all function. Heritage, Clean Sweep, Hunt, Huggins and Scott, Brockleman, etc... do the per lot closing while REA and Rhy do more of a firm close which does not go past midnight.

I don't see any benefit other than "tradition" for an AH to keep the auction open till the wee hours of the night and sometimes the next morning of the auction.

I've lost many lots over the years where I just fell asleep as I refused to place a top all bid. I would think an AH would want all the bidders who want to win that lot, to have a specific time to show up, and battle for it.

Again, I just don't see any good that can come out of placing a top all bid unless you want a certain price spot or you need your sleep.