cancel
Showing results for 
Show  only  | Search instead for 
Did you mean: 

AUCTION EXTENSIONS FOR BUYERS

Hi, would anybody object to eBay extending auctions that have activity in the last few minutes, like 5 ? Sellers may get more money, eBay would get more mony and buyers would have the opportunity to make a higher bid.  Lastly, it would elimate sniping, which still happens on ebay, is an violation of eBay pilicy, which ebay' acknowledges and still happens.  One reason I think it would improve the experience for eveybody are sveral. 

 

We often bid on multiple item from 1 seller and many list the items with close times within minutes of each other. 

 

Amyway, other auction sites do this, ie if an item has a bid they extend the auction time.

 

IMHO,  we would be spending a lot more money on eBay, LOl or keeps me from spending too much.

 

We have asked eBay why many, many times, as they seem to be seeking more top libe sales , this would increase sales at min cost and help all parties.

Message 1 of 112
latest reply
111 REPLIES 111

AUCTION EXTENSIONS FOR BUYERS


@amricons wrote:

As I said earlier, auctions was how eBay got started. What is wrong with back to the basics revisited ?


The world has moved on since then.  There is no way to go back to the beginning.  We are now in an age of instant gratification.  Slowing things down will not happen.

 

 


@amricons wrote:

I do not know how it would hurt sellers and both get maybe a bump. 


It would hurt sellers in a few ways.  Which have already been explained by others.

 

1)  it would limit the pool of bidders to only those who could be available online at the first scheduled end time of the auction.  And require those bidders to be available for infinity, in case the bidding/extensions just kept going on and on.

 

2) it could limit the bidding.  snipers bid their maximum because they only get one chance.  nibblers (those who would require these extensions) bid their minimum in the hopes that no one else bids.  which scenario do you think will bring the seller the most money?  competing nibblers who raise the price one increment at a time?  or competing snipers in a battle of max bids?

 

3)  sellers would have no idea when their auction would actually end.

 

The only thing that might mitigate some of these issues would be that auctions are on a downward spiral and your suggestion of extensions would only affect a very small fraction of listings on eBay.  But in my opinion even that small fraction could be devastating.

Message 76 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS


@amricons wrote:

 

Here is what I am looking at, 5 auctions and I am all high, feel thay are with ny budget.  Go to the last  second, lose all 5 by $1,  This actually happened, not once but many times.


Are your bids always even numbers?  Say, are you bidding $400, $500, etc.?  and getting outbid by just $1?

 

If so, consider bidding $407.  Or $503.  Something odd just a little over so that it is not so predictable.  That appears to be what your opposition bidder(s) is doing if he beats you by $1 which is less than a full increment at that level.

Message 77 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS


@estjoh-2 wrote:
I read a post on another forum a few years ago about a site that did this. a group of college kids set up a bidding system to where they could bid 24 hours a day 7 days a week. They ruined several sellers auctions.

Perhaps you're thinking of this (below)? I last posted it when this topic got hashed over a little more than a year ago now (the link to the full discussion is at the bottom):

 

"Let me trot out something here that I originally wrote on this topic a few years back, as this idea of auction extensions comes up here on a semi-regular basis:

 

The infinite-extensions strategy fails as soon as some bright prankster hacker comes up with a script that will automatically pop in another bid in any auction that is about to end, thus putting it off for another 30 seconds, or 2 minutes, or 2 hours, or 2 weeks; it simply won't matter what the extension interval is, because it will never end. Just for yucks, two accounts can slow-bid against each other: one process waits until the auction is almost over, then pops in a nibble bid. That signals the other process to wait until the auction is almost over, then pop in a nibble counterbid. They won't care what the price reaches, because the auction will never actually end. Colleges will form bidding teams, awarding points to whomever can string out an auction the longest without a seller getting fed up and ending it manually. Some graduating senior will brag about the Precious Moments™ figurine auction that he's kept going since his freshman year, with a current bid price of $452,000, even though the seller died of old age 18 months ago. Much merriment ensues.

 

Finally, eBay will decree that in order to curb this abuse, you only get so many bids before your bidding privileges are cut off. Realistically, everyone will object to that: the buyers who can't bring themselves to ever bid their maximum, the sellers who think their potential profits are being curtailed, and eBay management who see their FVF income getting hobbled. So after much deliberation, they abandon bid extensions as a Bad Idea, and decide that they're going to have auctions end at a fixed, predetermined time... which is where we came in."

 

Ref: https://community.ebay.com/t5/Selling/Extend-the-auction-by-three-minutes-when-a-bid-is-placed-with-...

Message 78 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS


@bubbleman2010 wrote:

emerald just for you I went and checked and Wed. is a slow day in the live auction world,but today there are 6 different jewelry auctions that have or are taking place 400 to 500 lots in each auction so about 3000 items being put on the block today. Only problem is if you're trying to buy with the ebay mentality you won't even get a sniff of the action...


Too fast paced for me as both a seller and a buyer.

 

 

Message 79 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS

Like I said its not for folks who live within the ebay bubble trying to apply whats taking place on ebay to whats taking place in real life will leave you standing in the dust...

Message 80 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS

Why go on a site I have no chance of winning what I go after when I can stay here and with a fast finger,and  fast connection, have a pretty high track record of winning what I seriously go after.

Message 81 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS

+1, Exactly.  Unless you can get inside the head of the other bidders you have no idea what his /her max bid was. All you know is that they were a bid increment over everyone else (other guy max could have been a $1 or $500 more).  Years ago at a big heavy equipment auction I had that concept explained to me by an old farmer.  Gave up all nibbling on online auctions as a waste of time and energy. Do the work, Know your max, bid it. 

Message 82 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS


@threshold.sales.group wrote: 
Do the work, Know your max, bid it.

Exactly. The only thing I would add to that is sniping your bid in the last few seconds prevents others with deeper pockets from coming back to outbid you. Slam in your single, best bid in the final seconds, and if it's enough to win, great; if it's not enough, then someone with deeper pockets wanted it more than you did. There is no point in bidding on Tuesday in an auction that doesn't end until Thursday.

Message 83 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS

Speaking as a seller that nonsense would irritate me to tears, and as a buyer I wouldn't even bother participating.

 

On ebay there are only so many bidders who are serious with their money, by that I mean bidders who actually pay.  A system of AE would only attract the bidders who never pay after winning, they're in it only for the thrill of playing around with the counterbidding like it's some kind of electronic game and certainly it gives you an adrenaline rush because of the fact it involves real money but ... When it comes time to pay for their win, somehow all that real money has left the casino.

 

They can't pay...

 

So then what happens is ebay would have to "secure" the payment upfront by requiring deposits equal to the current bid and now... You have yourself one of those many nibble-bid sites that don't work.

 

Yes, that is right.

Those AE sites that promise thousand dollar items for pennies don't work.

In theory it sounds good, but in reality it turns into a gambling affair where few are winners and those who lose end up being out a lot of money.

Then what happens, when a buyer is forced to pay for an item they don't want?

Oh the item's desirable enough, that's not the problem, it's that the buyer had to pay $500 for something they could've bought at Walmart for $50... What do you think the buyer of that item is going to do the instant they receive it?

 

So now what should ebay do, turn into a NO RETURNS system?

How else would sellers prevent buyers from returning every single remorse purchase, and believe me with the AE system that practically forces buyers to overpay because there's always one more wiseguy who just has to prop up the bid with another 5 cents in the last 3 seconds...

 

Don't we already know how that works out?

 

 

 

 

 

 

 

Message 84 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS


@emerald40 wrote:

Not all snipers use a service.  I do it on my own.

 

Also it is not cheating if the service is open to everyone.

 

 


That's the way I do it too. I know it will never happen in a million years, but my dream feature for eBay would be a built in snipe bid option. That way people wouldn't have to use third party software, and it could actually help selling too. It doesn't happen often but a few times I forgot to place my snipe bid, before the auction ended. If I could have placed a snipe bid in advance, my bid would have been included. I'm not really interested in using third party software, but if eBay offered it, that would be awesome.

Message 85 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS

I have no problem with change and I'm not that old. 

 

I have a problem with changing a system that works perfectly well for anyone who bothers to learn how to use it. People need to bid their max bid once, as close to the end as possible. How hard is that to understand?

 

I don't think we should change a functional system so that nibblers get a better chance. If they don't know how to value an item (without my help) after seven days they deserve to lose. Survival of the fittest. 

Message 86 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS

I would go back and re-consider the bid or not. Knowing the results gives me the option to spend otherwise allocated monry on a less than #1 priority. Just had it happen , last 2 auctiosns of the day, focused on the one, won it, and went to the 2nd and lost by a $1 , who knows maybe we would not had bid higher, but now we will never know.   as we did not know how much we had to spend to get the #1 option Having not gotten the ones higher, we had more money to spend.  It is easy if we lose the 1st item on the list and in this case it was about $ 265. 

 

I am not making this stuff up, at the end of the night we left $ 900 on the table that we could have spent on this seller.  It really sucks when you high priority items are at the end of the listings.  Probably  baying at the moon now, so I will drop this subject.  You have to save some ammo for the items that you really want.  How is this a bad thing for the seller or eBay ? Again, this is perhaps only an issue for us but rememeber  this talk is about a problem that we see.  I cannot speak for others which is why we asked the question in nthe first place.   We are just asking for some advice, some solutions. Hey, not going to change mny life but after 20 + years, just wondering about other options.  Not to worry there is always something on eBay we can spend $900 on, but we like that particulaer seller. EBay is a big vast place, does than mean we cannot improve it ? of course not. I have been asking for a mark up tool forever. Why everybody is excited about a markdown tool il is beyond me. I am sure there are opinions on both sides, but why not have a tool that you can use that can mark down or mark up ?   You know how much time we would save if we could increase shipping by x% with 1 click ? 

 

Our issue is one small issue in a vast ocean, but the reaction, to it, well it may just show that things may never change for the better. There are always solutions to problems if people can work together.     I wish that before people post replies that they might place themseveles in the other guys shoes instead of blshing them.  Like why is a 20 year eBayer asking this question ?  This seems to happen far too often on this site, so I do not post much here.    One thing that I learned, I will check out sniping  as it seems a lot of people really like it.  Never felt righjt about it, but that is my hang up,  must be something good there.

 

I recall talking about alternate payment methods on here awhile back, like apple pay etc.   This was after the Paypal split.   Man , it was like pouring hot water on the cat.  Same reaction when I asked about getting together to ask eBay to help sellers get better shipping rates . Now adays, you know shipping cost will rise every year, and of course shipping supplies.  What can we lose if many here ask eBay for help on shipping costs ? After all they get a double dip and more profits while shippers face  more costs. Anyway, agian, personal attacks.  Well guess what, come Jan the rates will go up again.  I know that eBay will respond if they get enought feedback.

 

Just saying.

 

I wish and hope that the older memgers on here would try to look at the messages and not just shoot the messenger. For those that have added ideas, comments and made reccommendation I slaute you. 

 

I again, do not usually post here, but toay, at least for us a very slow day.   Our sales were always steady day to day, now it is like the Yellowstione gysers. We never used to have zero days, yet we have had several days with zero sales.  Then we have explosion days.   If you look at our average day, one day it is zero or 20% and then all of a sudden 500-600% or more.   Today, it is 5% of normal.

 

It , in my opinion, what they have done to search.   I have some other ideas.

 

Ok, if none of you guys feel extenstion is a good, then I will find other ways. Many of the idea prsented on here are good but do not work as we have tried them in the past.

Message 87 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS

OK, eill try something else and will also look into sniping , LOL

Message 88 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS

Hey, if not anything else,  you guys have convinced me to give it a try

Message 89 of 112
latest reply

AUCTION EXTENSIONS FOR BUYERS


@amricons wrote:

Ok, first it was a  suggestion with pros and cons. 

 

Here is what I am looking at, 5 auctions and I am all high, feel thay are with ny budget.  Go to the last  second, lose all 5 by $1,  This actually happened, not once but many times.  So, I end up with nothing as I cannot go back to re-bid. Yes, there are aways going to be winners and losers.  How about I give up on 1  item and increse on the other 4 etc. , problem, since they all close within 1 miute, no way to do that.  There are ways to get arouind but no way to succed on all 5 being reasonable  ie  not way overbidding.  The other night Had $2400 to budget, ened up spending $1600 , lost those 5 by a$ 1 averag each. Bo time to go back and spend the extra few dollars or so

 

Looking for a solution other than to overbid on all 5 items. As someone pointed out, many snipers are pros so they would not go much above FMV anyway.  There is one huge flaw that makes it toitally unfair to certain buyers. I will not talk about it here but believe me, it has been discussed with eBay and they agree about the flaw .    It applies to sellers who are also buyers


Sounds like you lost all for one dollar because that was one bid increment.  You have no idea what their max was.  Increase your bids and you might win more and not have as much money left in your budget.  Your call.

Message 90 of 112
latest reply