3) "The club auction is live, in Las Vegas, at the convention! Maybe I should have written, that the top value is beter represented due to the situation."

Pete; And that is the most significant fact. You know instantly who your bidding competitor is and the clock doesn't run out on a potential bidder at the last second at a live auction which is often the case with respect to ebay's notorious snipers ..... not to mention the adrenelin flow being there live .... which makes it all the more exciting.

In addition, at the convention auction, the buyer takes possession of his winnnig lots immediately ... and the consignor gets his money (in cash) immediately. So how much is that worth to both sides?