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<p>[QUOTE="baseball21, post: 2743802, member: 76863"]That's what his point was though. More time and time to contemplate results in higher prices realized not lower like Doug has said. If the auction time was extended every time someone bid they would have time to think and be more likely to make another bid. </p><p><br /></p><p>Live auctions use that method of giving bidders time to react because they KNOW that it drives their results higher. It's actually the sniper programs and hard deadline auctions that will more often than not keep the prices down not allowing others to respond to the final bid</p><p><br /></p><p><br /></p><p><br /></p><p>That's not true. They all have max bid options that bidders can input by hand that get stored in the system. The ONLY difference the program does is hide it from the host and put it in at the last second. The process is the exact same whether someone inputs it by hand or whether or not a program does it at the very last moment.[/QUOTE]</p><p><br /></p>
[QUOTE="baseball21, post: 2743802, member: 76863"]That's what his point was though. More time and time to contemplate results in higher prices realized not lower like Doug has said. If the auction time was extended every time someone bid they would have time to think and be more likely to make another bid. Live auctions use that method of giving bidders time to react because they KNOW that it drives their results higher. It's actually the sniper programs and hard deadline auctions that will more often than not keep the prices down not allowing others to respond to the final bid That's not true. They all have max bid options that bidders can input by hand that get stored in the system. The ONLY difference the program does is hide it from the host and put it in at the last second. The process is the exact same whether someone inputs it by hand or whether or not a program does it at the very last moment.[/QUOTE]
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