On Tue, Dec 19, 2000 at 08:00:01PM -0800, Marvin (marvin_at_rain.org) wrote:
> John Tinker wrote:
> > Sellam Ismail wrote:
> >
> > > 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.
> >
> > Excellent idea. On-line it could be a shorter period, like 5
> > minutes, but it would let the price develop to its full potential.
>
> Not an excellent idea as it caters to those people that can be online when
> the auction closes and discriminates against those that can't.
Well, eBay caters thus now, though. It'd just be catering to *all* the
people that can be online when it closes, and not the guy who gets in
the last click before the buzzer. It'd work well for high-ticket
items, I think, but not commodities. After all, what you said above
applied to auctions based on meatware would cause much raising of
eyebrows and quiet "tsk, tsk"-ing from the auctioneers. :-)
-Rich
--
------------------------------ Rich Lafferty ---------------------------
Sysadmin/Programmer, Instructional and Information Technology Services
Concordia University, Montreal, QC (514) 848-7625
------------------------- rich_at_alcor.concordia.ca ----------------------
Received on Tue Dec 19 2000 - 22:22:27 GMT