At 20:54 24/04/2003, you wrote:
> > At 18:23 24/04/2003, you wrote:
> >
> >
> >>All this garbage about
> >>extending auctions an extra minute, blah blah blah, is just a dumb idea.
> >
> > I dispute that - the "extension" idea is what happens in a "normal"
> > auction. The auctioneer will take bids until all competing bidders back
> > out, leaving the one winner. This, naturally, maximises the sale price
> > (which is good for the seller & the auction house).
>
>Absolute nonsense! In a normal auction, there is no specified "end time."
Er, so?
> These are two completely different formats. In a normal auction,
>everyone shows up at the same time and bids. Bidding is only for a few
>minutes.
Rather like a typical eBay auction then.
>In an eBay auction (a completely different format) everyone has a very
>long time to decide.
Only because (a) there's so many items on eBay, and (b) it operates in
several time zones. Imagine having to login to eBay every day at 3pm (then
adjust for timezone) just to bid on an item.
>If you had an extended time feature (or pathetic idea) no one would bid on
>a 10 day auction until day 10. There would be no need to, unless you just
>couldn't be around.
So, rather like the current format.
>What you are trying to do is have a completely new format for an auction.
Bullshit. The format is identical, with a built-in "anti-snipe" measure.
>Specified end time with extended provision. You don't have any such
>"NORMAL" auction like this.
Of course you do. "Normal" auctions are held on a specific day, which in
real-world terms is much the same thing as an eBay end time. Hell, you even
have "buy-it-now" (sold prior, in a normal auction format), withdrawn &
changed lots.
>This is like a
>sealed bid auction because the auction ends at a specified time and the
>winners will be those that place last second bids (i.e. not seen by
>others).
Absolute bullshit. A sealed bid auction does not allow you to bid more than
once, nor do you know if your bid has been exceeded. Nor is there any
advantage/disadvantage in bidding early or late, as no-one knows what the
bids are until the auction finishes.
--
Cheers, Ade.
Be where it's at, B-Racing!
http://b-racing.com
Received on Thu Apr 24 2003 - 15:49:01 BST