Posted By:
Jerry Spillman
Most of the auction houses only show the number of bids on each lot during their auction but fail to include the time each bid was recorded. Disclosing an ongoing-bidding time history may initiate more participant confidence. Further, except for the auctions where the lots close individually, seeing the final bidding history will revealing the key bids that are made only minutes before the unscheduled early morning auction closing.
Congratulations to Brockelman and Luckey Auctions and the very few other auction companies that do employ that type of transparent bidding history feature in their auctions.