LobsterSan
MOT: kuboTEN
- Joined
- Oct 18, 2002
- Posts
- 1,779
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- 10
Quote:
Yahoo! Japan Auctions implements this "5-minute auto-extend" as a feature, and believe me, it makes the ending prices of the auctions go much higher than a fixed-time ending. The bidding wars can get pretty frantic, and sometimes last an hour or more. Sometimes it becomes a battle of endurance between two bidders (unless one is using some fancy auto-extension sniping software).
On the flip-side, sometimes sellers choose not to or forget to enable the auto-extension. It's a rarity, but it does happen, and when it does bidders usually aren't prepared for it. When a seller forgets to enable the auto-extend option, those auctions go for a lot less than usual.
I'm often curious why eBay does not implement a similar system, as it seems it would probably increase their margin. They, in conjunction with PayPal, have been raising fees and making some fairly major changes recently, and I find it interesting that they decided not to implement the "Real Auction" feature. I guess they felt it may alienate the buyer base which is already feeling a bit of an economic crunch?
In any case, while I do sell on eBay, I also buy a lot on eBay too and I hope the auto-extend feature stays far away from eBay USA.
Originally Posted by progo /img/forum/go_quote.gif Wow, doesn't Ebay extend the time if a bid is placed near the closing time? Our "national" mini-eBay extends the time to 5 minutes if a bid is placed when the auction has less than 5 minutes left open. This place also has this sniper feature on its own. I wouldn't know if it's very good for the buyer if the auction ends up in fixed time. What happens if multiple snipers are onto same auction?! |
Yahoo! Japan Auctions implements this "5-minute auto-extend" as a feature, and believe me, it makes the ending prices of the auctions go much higher than a fixed-time ending. The bidding wars can get pretty frantic, and sometimes last an hour or more. Sometimes it becomes a battle of endurance between two bidders (unless one is using some fancy auto-extension sniping software).
On the flip-side, sometimes sellers choose not to or forget to enable the auto-extension. It's a rarity, but it does happen, and when it does bidders usually aren't prepared for it. When a seller forgets to enable the auto-extend option, those auctions go for a lot less than usual.
I'm often curious why eBay does not implement a similar system, as it seems it would probably increase their margin. They, in conjunction with PayPal, have been raising fees and making some fairly major changes recently, and I find it interesting that they decided not to implement the "Real Auction" feature. I guess they felt it may alienate the buyer base which is already feeling a bit of an economic crunch?
In any case, while I do sell on eBay, I also buy a lot on eBay too and I hope the auto-extend feature stays far away from eBay USA.