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 07:13:00 GMT
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Viewed:
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864 times
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Derick Bulkley wrote in message ...
> 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.
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 not a bad increment for,
say, a $50 item that the seller wants to sell quickly. I like that! Thanks
to the people in this thread who have brought up, and answered, several
important points.
--
Have fun!
John ( jdiri14897@email.msn.com ) remove NOSPAM:
John's Lego Web Trade Page:
http://www114.pair.com/ig88/lego/index.htm
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Message is in Reply To:
 | | Re: Proxy ratcheting: How do auction systems work?
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| (...) 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. (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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