Subject:
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Re: Best time/day to list auctions?
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Newsgroups:
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lugnet.market.theory
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Date:
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Sat, 28 Dec 2002 17:53:17 GMT
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Viewed:
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1522 times
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In lugnet.market.theory, William R. Ward writes:
>
> As a seller, I'm trying to decide when is best to list auctions, and
> I'd like input from you all:
>
> Since ebay auctions always end 5, 7, etc. days from the moment they
> are listed, it's important to start your auction (as the seller) at
> the right time and day of week.
>
> Do people mostly bid during business hours? At home on weekends or
> evenings? What days of the week do you think get the most bidders?
>
> --Bill.
All IMHO, only:
It's not as important when you start your auctions as when you end them.
Saturday is usually the best end date from the seller's standpoint, at least
for Lego. I rarely bother bidding on Saturday-ending auctions because the
price climbs too high and there are multiple people thinking that they will
be the clever last second sniper (and the resultant bidding frenzy).
Anytime I sell Lego, I always match the start date so that it will end on
Saturday - Saturday, Monday, Wednesday for 7 day, 5 day, or 3 day auctions,
respectively. Lego I win I usually got during the week, and not weekends.
The more competitive the bidding is for any given item, the less important
is the duration of the auction. Perhaps this could also be stated that the
higher traffic areas don't need as long an auction.
Last second sniping takes place on Lego, WizKids figs, and the like.
Boardgames, books/photos, and electronics less so. A saturday end date is
not as important for those. I haven't sold enough comics yet to get a sense
of a pattern, though I think a longer auction time is called for, but end
date is not as vital. Sunday is an okay end date, but not too late.
Keep in mind if you are east coast and it ends at 8 AM it's 5 AM west coast,
and if it's 8 PM west coast, it's 11 PM east coast. Don't fence out half
the continent.
-->Bruce<--
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Message has 1 Reply:
 | | Re: Best time/day to list auctions?
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| (...) Definitely True. Todd Lehman had some data listed in this message: (URL) I have always found it odd and counterintutive that Tuesdays seem to be the day of highest bidding activity. Personally, when I used to run a few auctions I would time (...) (22 years ago, 29-Dec-02, to lugnet.market.theory)
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Message is in Reply To:
| | Best time/day to list auctions?
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| As a seller, I'm trying to decide when is best to list auctions, and I'd like input from you all: Since ebay auctions always end 5, 7, etc. days from the moment they are listed, it's important to start your auction (as the seller) at the right time (...) (22 years ago, 28-Dec-02, to lugnet.market.theory)
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