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Posted By: Dave Simon

Great feedback so far -- keep it coming. It is the seemingly minor details that will make this a better user experience.

How about this:

The plan is to offer items at a fixed price for an unlimited time. Buyers can bid on the item until it reaches the preset price or the seller decides to accept a lower price. If the seller elects to take a lower price they can:

a) take the current bid and end the listing or
b) start a 24 hr. auction of the item starting at the last bid price.

No 15 minute rule -- 24 hrs. and the highest bidder wins.

Thoughts on the above model?

thanks,ds