Subject:
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Re: Ebay sniper? you make the call
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Newsgroups:
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lugnet.market.theory
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Date:
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Wed, 20 Nov 2002 22:59:26 GMT
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Viewed:
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1455 times
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In lugnet.market.theory, Frank Filz writes:
> David Eaton wrote:
> > For Ebay's sake (and for the seller's-- and those who want to change their
> > minds) I'd LOVE to see Ebay instigate a system wherein auctions don't have a
> > set-in-stone end time. IE, if a bid is received, the auction extends
> > time-wise another X mintues. Furthermore, successive bids must be for, say,
> > 1-5% of the item's currently bid price, so you can't extend the auction by
> > outbidding someone by a penny. Also, might be nice if the longer past the
> > original end time it gets, the higher the 'necessary bid' percentage gets.
> > So if you outbid someone 5 minutes past the auction end time, you only need
> > to outbid by 1%, but if you're 6 hours past the auction end time, you need
> > to outbid by 50% or something (such that it would shortly get ridiculous
> > enough that people wouldn't bother unless they REALLY REALLY wanted it--
> > which I'm sure Ebay and the sellers wouldn't mind...
>
> Interesting idea.
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
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Message is in Reply To:
 | | Re: Ebay sniper? you make the call
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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 (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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