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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Sun, 25 Apr 1999 18:12:59 GMT
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Reply-To:
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lpien@ctp[SayNoToSpam].iwantnospam.com
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Viewed:
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1125 times
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Mike Stanley wrote:
<snip>
> Sellers might pay the bills, but they won't be paying any bills if
> they aren't selling things. So any successful auction system will do
> its best to make _both_ buyers and sellers happy.
Mike very succinctly said what I intended to say in a much more long
winded way. My point exactly. I think percentage bumps are a great
option but I would also like to see dollar amounts allowed too. Or even
both on a sliding scale (5 dollar bump or 5% whichever is more, so that
as a lot advances bumps get more serious)... or even bumps that increase
once you get to G1...
I like all of those. Give them to the sellers and collect stats on what
works best (if that's meaningful) to help sellers judge what to do in
the competition for buyer dollars.
--
Larry Pieniazek http://my.voyager.net/lar
FDIC Know your Customer is wounded, thanks to you, but not dead...
See http://www.defendyourprivacy.com for details
For me: No voyager e-mail please. All snail-mail to Ada, please.
- Posting Binaries to RTL causes flamage... Don't do it, please.
- Stick to the facts when posting about others, please.
- This is a family newsgroup, thanks.
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Message is in Reply To:
 | | Re: Proxy ratcheting: How do auction systems work?
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| (...) Hrmmm, I'm coming in late here, so I'll probably say something and find 10 people who say the same thing later in the thread. Sure, the sellers pay the fees. But if the bidding increments are so high that they repeatedly scare off or prevent (...) (26 years ago, 25-Apr-99, to lugnet.market.auction)
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