posted on July 9, 2000 05:26:42 PM new
I think from looking at my auctions it is .10 up to $10.00 then $1.00 up to $50.00 then $2.50 up to $100.00 them $5.00 I do not know where that stops the highest i have an auction at is $125.00
posted on July 10, 2000 11:48:42 AM new
It seems to me, then, that if one isn't using the FIRST BID WINS strategy, but instead is offering the item at auction, that it is not wise to start the auction under ten bucks, as the ten-cent increment could be condusive to very a low final bid, because bidders can use the BID ONLY THIS EXACT AMOUNT and not use proxies, at all.
I don't mean stuff that one knows will wind up with a high bid, but perhaps most stuff under $50 or so, it may not be wise to start the auction at $1, as it takes a real lotta 10-cent bid increments to get it outta the under $10 final bid range.
posted on July 12, 2000 01:58:38 PM new
Yeah, Radh, you're right, 10 lousy cent bid increments are awfully small. Think how easy it we be to have a HOT item by Ebay standards (It takes 30 bids to get there, right?) With 10 cent bid increments you could have a hot item that was priced under $10.00!!! LOL!!
BTW, does Yahoo have a HOT item category? And if so how many bids does it take to get there? Not that it really matters to me as I think the 1st bid wins strategy is the way to go. I'm just curious.
posted on July 13, 2000 11:17:34 AM new
CAgrrl
It looks like they shuffle the hot items quickly & at random. If you go to the Yahoo Auction home page and click any of the category topics on the left it shows the list of hot items for that category but if you hit reload page every minute or so the list always changes, sometimes the items appearing only have 2 bids. So it's definitely not set like eBays which shows the "actual" hot items by # of bids and KEEPS them on the list.
Yahoo just added the "hot items" about 2 weeks ago, they may still be working on it.
posted on July 14, 2000 01:49:46 PM new
Granee & Kasmooon- thanks for the info, that's cool to know. Although like I said, I don't think it will directly affect me much since I don't sell much high-ticket stuff. I'm more of a "buy it for $5.00, sell it for $15.00, 1st bid wins" kind of girl.
posted on July 18, 2000 11:44:01 AM new
dave_michmerhuizen When you put in a bid on Yahoo you are given these options. Bid up to this amount on my behalf. or
Bid this exact amount. Your bidder must have selected Bid this exact amount.
posted on July 19, 2000 10:56:43 AM new
oookay. does this mean that at auction end they pay me $5? with no competing bids? You mean someone can say, "I want to pay more than the opening bid"? No wonder people like yahoo...
posted on July 19, 2000 11:26:05 AM new
Yes, it means that the item sells for the bid price even with no competing bids....or at least that is what I have done in these cases with no complaints from a buyer yet. Also, it does not necessarily mean that the bidder checked the "bid this exact amount" box. The proxy system on Yahoo, from my experience, DOES NOT WORK. It always seems to "bid this exact amount" regardless of which box is checked. Also, I think that new bidders often don't realize that the "current bid" does not necessarily mean that there is a bid for that amount, in which case, the "current bid" is the opening bid and the new bidder is trying to outbid the not-as-yet existant bidder. Dang..........that tounge twister left a bidder taste in my mouth.....
