Subject:
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Re: Proxy ratcheting: How do auction systems work?
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Newsgroups:
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lugnet.market.auction
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Date:
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Thu, 22 Apr 1999 02:17:45 GMT
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Viewed:
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908 times
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In lugnet.market.auction, Steve Bliss writes:
> Ouch! 15% is extreme for a bid increment. So much for me doing much
> bidding on that site.
Steve,
The Serious Collector allows the selling Member to pick the indrement: 5% 10%
or 15% - it is not fixed at X%.
The selling Member thus controls the speed of the auction, or rather s/he
manages how quickly a lot reaches its "ideal" price.
Derick
Flounder & Chef
http://www.SeriousCollector.com
No Sniping. Ever.
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Message has 2 Replies:
 | | Re: Proxy ratcheting: How do auction systems work?
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| Derick Bulkley wrote in message ... (...) 10% (...) Hey, that's a good thing to know! That large increment was my biggest complaint today regarding SC - if its adjustable, I think that is definitely a step up from any other on-line auction. 15% is (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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