Way to go REA!!

PhillyFan1883 · #1 01-27-2020, 11:57 PM

I like this change. I did not care for REA�s other method for closing-there were too many unknowns and problematic scenarios that were presented. I applaud REA and Brian for making the adjustment, and also for listening to feedback.

Leon · #2 02-05-2020, 08:38 AM

+1 I like it too

Quote:

Originally Posted by PhillyFan1883

I like this change. I did not care for REA�s other method for closing-there were too many unknowns and problematic scenarios that were presented. I applaud REA and Brian for making the adjustment, and also for listening to feedback.

Exhibitman · #3 02-05-2020, 10:24 AM

Well, if the 'ridiculous' OT wars of attrition are the concern, why not institute a hard closing time for each lot, staggered by several seconds? That way we could use sniping software with bid grouping.

Slightly O/T: why don't more auctioneers allow bids on zero bid items in OT? If I get KO'd from a lot in OT I might very well look at the zero bid items.

BeanTown · #4 02-05-2020, 11:13 AM

Quote:

Originally Posted by Exhibitman

Well, if the 'ridiculous' OT wars of attrition are the concern, why not institute a hard closing time for each lot, staggered by several seconds? That way we could use sniping software with bid grouping.

Slightly O/T: why don't more auctioneers allow bids on zero bid items in OT? If I get KO'd from a lot in OT I might very well look at the zero bid items.

I think Baggers auction does this format. Makes it pretty easy to know when to place your snipe bid before the lot closes.

Aquarian Sports Cards · #5 02-05-2020, 12:38 PM

Quote:

Originally Posted by Exhibitman

Slightly O/T: why don't more auctioneers allow bids on zero bid items in OT? If I get KO'd from a lot in OT I might very well look at the zero bid items.

I went back and forth on this very point when setting up my auction. I finally concluded that getting bidding activity moving earlier outweighed the benefits of possible new bids in extended bidding, if for no other reason then it makes consignors feel better (especially as a newer company) to see people bidding on their item before the end. I am constantly reviewing my early decisions as I learn more and more about the business and specifically my buyers and consignors, so someday this may change, but I still think it's best for my company at this time.