@releasethekraken_1 wrote:
@releasethekraken_1 wrote:
@glasser wrote:
@juicydrupes exactly.
Everyone commenting on my post that soft endings don't work clearly have not been paying attention the rest of the internet. This is the way almost all auctions end now either online or in person.
Yes, people come to the end. No they don't last all night and if they did that means bids are coming in and the price is going up.
The Yahoo example is like 20 years old before most of the auction business moved online.
eBay's ending method is very much the exception to industry standard and doesn't work effectively as it once did. Those of us who buy at auction. Attarcting new auction buyers to eBay would easier if they did not need to learn a new system.
You still haven’t told us who the #1 auction site is.
For what I sell Live Auctioneers, invaluable, etc. In categories--or what used to be categoires :)--listing on eBay are less than 5% and sometimes less than 1% of all listings. These other sites are 100% auctions.
BTW, I have a list of reasons why extensions are a bad idea. I’ll post it when I have time.
Here's a list of reasons why extensions are bad, and would result in lower prices and/or manipulated auctions. There are probably some that I have missed:
1) It makes shill bidding easier
It shouldn't on eBay where bidders can be tracked via other means
2) It encourages sport bidding just to keep an auction running
Is there evidence of this? And again eBay could crack down. 2-3 non-payments and you are banned from eBay. Frankly should do that on all transactions.
3) It would result in more frequent non-payment (see item #2)
eBay could easily crackdown on this more than they have. See #2
4) It would discourage max bidding (see items #1 and #2)
First bidding the max while always recommended is not the way everyone bids in the real world. As someone who buys at auction a lot I employ several different strategies and bid the max is only one. Sometimes I leave bids, sometimes I bid live, sometimes I leave a bid and come back to the live and might be willing to bid more. There is not a single totally right way to bid at an auction.
5) It interferes with a person's ability to "defend" their bid if an auction will end when the bidder isn't able to be on the site
Actually the opposite. On a hard stop auction I can't
reassess and defend my bid at all. If I am outbid with 1 second left on a hard stop, auction over full stop. You only need to be on the site if you want to and are willing to pay more.6) It wastes time
No time is wasted. You bid your max and move on if you so choose or you wait til closing and stick around for the fun or to bid. Your choice.
7) It can prevent a bidder from placing a bid on another auction for a similar item if they're committed to an auction that keeps getting extended.
There is some truth here. Buyers, unless they have unlimited funds, may have to see if they have won an item before bidding or not bidding on another. I operate that way as I am deploying capital. If I have a $1000 for buying and there are two items and I am willing to pay $900 for the first one and the other will likely cost $500. I need to know if I won or lost the first one. However, in my experience you might get 4-5 bumps on soft ending auction if the increments were short say 4 minute extension each time then you are looking at less than 20 minutes and the max time is only if people wait to the last second for another bid, Of course if there is a left bid that is higher the bump is immediate and the clock ticks. In realty soft closing auctions probably only go 5-10 minutes beyond the close time. So most if the time you would know in time.
I'm still waiting to hear who's taken over for eBay as the #1 auction site on the Internet.
And to the OP, who probably thinks this was an original idea: you're probably the 1,000th person to post this non-starter. Congrats.
You may think its a non-starter. However, people are just pointing out that eBay is behind the times on this. Granted they probably think auctions are a waste of time since Amazon doesn't have auctions and after all that's who eBay looks up to. But auctions are a very pure form of commerce and used extensively in various markets as the way to buy and sell.
@releasethekraken_1 See above
