Quote:
Originally Posted by Kaneen
There's got to be a better way to close these auctions...basically, the auction doesn't really even start until midnight...and then everyone who's serious about winning is gonna wait until about 3 minutes left in the "10 minute window" to all place bids at the same time. Who couldn't have seen the site crash at 12:07 coming?
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REA should just follow the Heritage approach. Divide the auction into 2 or 3 days, which will reduce the number of bidders each day. Start the extended bidding at 11pm EST and use the 30 minute clock instead of 10 minutes. With the 10 minute clock, everyone is rushing to get their bids in, right at midnight EST because they are afraid their time will run out, and then they are constantly refreshing their bids. The 30 minute rule puts less pressure on this.