More reasonable auction closing

[Rhotchkiss]

Originally Posted by conor912

Yeah, but this logic makes just as much sense at 6PM as it does at 9.

But what you are not considering is that the auction closes all at once, and only after no lot in the auction has gotten a bid for 15 minutes. Under these types of closings, the auctions almost always goes into the wee hours regardless of when extended bidding starts, bc people reposition and revisit things.

On a lot by lot closing, the time the auction ends and extended bidding starts is much less relevant, and 6pm could be as effective as 9pm or midnight