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I think the seller should state bid increments. its up to the seller to decide if he wants to risk with high increments and possibly cut of a bidder or two. High increments may also net you a higher sale price.
Well, I dunno ... you've got to allow enough time for people to make a decision AND to respond. I'm sure I'll learn more once I witness the "process" (I wasn't able to be there this past Sunday) firsthand. Generally, though ... I'd suggest allowing for more time between bids and LIMITING the amount of names to be auctioned on any one given night.
If this has all been discussed ad infinitum already somewhere else, I apologize. There's lots of threads on this new auction subject. Any comments on my suggestion(s) would be greatly appreciated, as well.
Thanks and Good Luck.
PS. See you Sunday!