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Old 11-02-2014, 01:53 PM
x2drich2000 x2drich2000 is online now
(DJ) Rich.ard.s
 
Join Date: May 2009
Posts: 2,208
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One of the more interesting ideas I've seen from an auction house is the changing buyers premium. All the lots close at the he same time, but as the evening goes on, the buyers premium for new bids gradually increases. By doing this you encourage earlier max bidding (if you put in a max bid early and someone else bids late causing your bid to automatically increase you still get the lower buyers premium, but if they end up winning they pay a higher premium), but still give the option to keep bidding open.

DJ
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