posted on December 2, 2010 10:49:42 AM new
I haven't run auctions in quite some time, but I was wondering if I would change my mind at all if eBay started running auctions where time was extended at the end of listings when someone placed a bid.
I know yahoo used to do this, but they are long gone. I never understood why eBay didn't go to a real auction method of extending time just like real auctions do. It seems that this would raise prices for sellers and in turn raise profits for ebay on the bottom line. Perhaps it is a buyer turn off... but it seems like this would help drive more bids, probably also increasing NPB.
posted on December 2, 2010 01:53:23 PM new
But we have proxy bid,sniping software and last but not least,if you get outbidded ,there will be another similar one coming soon.
*
There is no 'Global savings glut',only wild horses and loose bankers.
posted on December 2, 2010 02:26:24 PM new
i think it just depends on the item. some items which are truly rare would likely benefit, but the common items won't see any increases.
posted on December 3, 2010 08:48:04 AM new
I remember having that on Yahoo.
Ebay could offer it at an option for (of course) an additional charge.
I would use it on somethings, but not everything. Hopefully esnipe and others could keep up with the bidding.
posted on December 5, 2010 12:56:41 PM new
I agree. If the bidding ends at, say 6:00, why not extend the auction at least 2 minutes if a bid is placed at 6:00 and then an additional minute or 2 until there are no more bids placed for 2 minutes. The seller would get top price for their auction which doesn't happen now.
I only bid using a snipe service, what's the point of advertising that you're interested in an item if you don't have to?
posted on December 9, 2010 12:59:52 AM new
We have listed on auction websites that have both fixed time closing and auto extension of closing time. When comparing the final price for the same item, we found that the auto extended auctions achieved consistently (within statistical variation) higher prices. Note that the auction site did have an auto proxy like eBay, yet people were willing to get caught up in the real excitement of seeing their latest bid in lead position (until another collector outbid them)...
posted on December 9, 2010 10:17:31 AM new
There are so many items on Ebay,if you miss one,another one will show up soon,so why bother to add more rules,more programming to an already complex system?
Some of you oldtimers may remember Ebay had a feature back then called Ebay A GO GO when you will be notified real time you have been outbidded so you can get back in and bid again.
I could be wrong but this is why they bought Skype or Hype?
*
There is no 'Global savings glut',only wild horses and loose bankers.
[ edited by hwahwa on Dec 9, 2010 10:19 AM ]
