On Tue, 19 Dec 2000, Mark Gregory wrote:
> It's also very unlike a live auction. Most auctioneers hate people who
> snipe, because a sniper doesn't take place in the bidding war that leads to
> higher prices. At most auctions, you'll find that the auctioneer and
> his/her staff will "fail to notice" bids from persistent snipers unless
> they have participated in the earlier bidding. eBay could create an
> analogue of this by limiting bidding in the last 30 minutes of an auction
> to people who bid before the 30 minute mark. At least then the bidders
> could "size up" their competition and bid accordingly, as you would at a
> live auction.
Or do like I did for the Apple-1 auction at VCF 4.0: keep extending the
auction for fifteen more minutes after each new bid came in within 15
minutes of the planned closing time. The bidding actually went on another
50 minutes or so before no more bids came in.
Sellam Ismail Vintage Computer Festival
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International Man of Intrigue and Danger
http://www.vintage.org
Received on Tue Dec 19 2000 - 17:10:02 GMT