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(...) Yahoo! auctions has the 5 minute extension as an option, if the seller wants it. If a bid comes in during the last 5 min, the auction is extended. I rallied for it as an option at BrickLink, but no-go. Julie >Frank (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Interesting idea. Escalating the bid increment would definitely help bring the auction to a close. Also, you're probably right that a few minutes is really all the auction has to be extended. Making the escalating bid increment be based on the (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) If the intent was for everyone to submit bids at the last possible minute, with no opportunity to react to others bids, then they could have chosen a completely standard auction format, the sealed bid auction. In a sealed bid auction, you may (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Definitely agree-- For the sake of the buyers, snipe. It WILL result in lower prices, even though it shouldn't. That way people don't have a chance to change their minds and make the price go higher. For Ebay's sake (and for the seller's-- and (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Where was it ever written or explained that the way ebay is 'intended' to work is by bidding early and often? I would argue just the opposite. They are fixed end time auctions. The only thing that functionally has any meaning is being the high (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Certainly could be a problem, and not a nice thing to do (and something that one could take legal action against if it could be proved, and probably illegal), but I don't have too much sympathy to the snipers locked out of this, you're trying (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) I agree sniping is part of the game. I am not always happy about sniping but I do have a concern with the use of software that jams other bidders from bidding on an item near the close of an auction. I have had this happen on several occasions (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) :-) I don't think I quite qualify as a plodder since I probably win about half of what I bid on :-) (...) Certainly - I probably actually overbought... One of these days I'm going to run an awesome Pirate Game, but fist I have to build about (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Frank, your such a sourpuss ;^) An alternative point-of-view placed tongue- in-cheek and you snap a response :^o I know you are a plodder. (...) Not everyone has thousands to spray around buying everything in sight. (...) Who is playing games, (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Tough! Actually what really pushes up prices is when several people are going for the same stuff with a low patience factor. I'm sure prices of pirate ships fell once I was done buying. The guy who pops in an early low ball bid will have (...) (24 years ago, 20-Nov-02, to lugnet.market.theory)
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