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<p>[QUOTE=&quot;TIF, post: 2772067, member: 56859&quot;]I don&#039;t think that is necessarily accurate.&nbsp; I almost always bid in the final seconds of a timed-close auction.&nbsp; When auctions are postponed due to technical issues, more often than not I forget to bid when it comes back online.&nbsp; At most I think it might be fair to say that in <i>some </i>instances the lots ultimately sell for more that they would have it the auction proceeded as initially planned and in some, <i>less</i>.</p><p><br /></p><p>The auction houses and consignors often lose when auctions are postponed.&nbsp; For instance, when I forget to bid in an auction I had intended to bid on but that was postponed, on the new closing date the auction has&nbsp; one less bidder, one less person bumping up all lots bid upon, lower hammers.&nbsp; I&#039;m probably not the only person who tends to forget the new closing date when auctions are delayed.&nbsp; The consignors&#039; payday is also delayed and the auction houses&#039; public relations suffers.</p><p><br /></p><p>I guess it is possible that for every intended bidder who forgets the new closing date, other bidders who somehow missed the first scheduled closure become aware of and bid in the auction.</p><p><br /></p><p>Also weighing against the auction house:&nbsp; in the time between the cancelled and rescheduled auction, it is possible that some bidders might spend their allotted budget in another auction.</p><p><br /></p><p>Browsing such auctions after the fact often shows that some good deals were had by those who remembered to bid on the new closing date.</p><p><br /></p><p>(edited for clarity, or at least I hope it is more clear now <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />)[/QUOTE]</p><p><br /></p>

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