Important point: hitting the +1 pops the clock back up to 10 seconds. So there’s no last second snipping.Thanks, this is very good info to know. I'm slightly hesitant on going the yahoo/online route if a +1 button mashing contest ensues in the closing seconds to settle a fair portion of the player bids. It's definitely not a deal breaker, but I could see a couple of teams reaching a stalemate on a fairly conservative number, things going quiet for 20 seconds, and then 3 or 4 owners mashing the '+1' in the last 1 or 2 seconds. In some sense, the winner of this mashing contest is walking away with a bargain, since the price probably would have eventually reached a truer market value if the '+1' is allowed to continue until reaching a price where people back off.
To put it another way, an auctioneer's job is to allow the maximum bid to come to the table in a reasonable timeframe before making the "SOLD!!" call. This is a situation where yahoo bidding is leaving some money on the table that otherwise could have been extracted if the bidding plays out to completion, unbound by a timer clock. Ultimately, it's not a big deal. Nobody has any right to complain since they could have simply entered a stronger bid that they were comfortable with instead of playing for a mashing contest. After the first "steal", the bidding should adjust accordingly with more price enforcement bids. Not to mention that the online timer keeps things moving.
Ultimately, probably going this route when the first owner says they can't make the live auction.
and if people consistently wait til 1 second is left to hit the +1 button, the appropriate amount of verbal abuse and joking ensues