A New Net54 BST, Live Auction Rule Change?

[jingram058]

Originally Posted by bnorth

I vote a BIG NO and we leave as is. If someone puts in a decent max bid they could win it for peanuts because nobody else bids because there would really be no reason to unless their max was higher.

As a friendly reminder we have an amazing $1 starting bid auction section. Stop buy and bid on one of the listings or list something you no longer cherish.

On a side note a few years ago I had a member try to pay me $1 more than the underbidder saying he thought the auction section worked like eBay. He was a long time member but must not have ever used the auction section before.

This could easily be resolved by putting a reserve on it.

Otherwise, I am BIG TIME in favor of it. I have bought close to 700 things, including cards, from eBay. The sellers sometimes put an amount to open they can live with if only one bidder bids. Sometimes they don't, and the buyer gets a bargain. Sometimes the seller puts a reserve on the item.

And then I will say again for the umpteenth time to all the brain-dead or pompous, egocentric, horses-ass sellers who are "listening to offers". I've got an offer for you, and it's dangling in my shorts! Put an f-ing price on it, if you truly want to sell. Otherwise you are obnoxious in the extreme.

[FrankWakefield]

Presently, what is in place works.

I'd be annoyed if there's an $80 to $90 card, that would fill a troublesome hole in my collection, the last few bids have been $40, $41, $50, $51, $55, so I bid $130 with an hour to go, and go to bed... Next day I see someone with whom I've been abrasive in the past (a considerable multitude) has bid $129 with a minute to go. No Sir, what is in place is simple and functional.

And No to bids extending the time. That adds confusion, makes it a game instead of an auction...

I reckon folks that don't like what there is now can forego bidding.... and folks content with the present can be done with auctions if they change. What's the problem with how it is now, again???


Maybe I should audition as a 60 Minutes curmudgeon.

[G1911]

The current system suppresses bids, because there is no ability to do a max. One of the regular sellers on the free-for-all auction board had or has a good system with allowing a bid 15 minutes or so after ending so that somebody can't top by $1 at X:59 and nobody else has time to get one in. There are definitely times I would have bid higher if I had a chance to do so on the clock or could place a max bid.

However, with an open public posting format, I don't see how a max bid placed would fix the issue. If I bid a $150 max, someone will then bid $149 just because people are like that.

[Fred]

Originally Posted by G1911

The current system suppresses bids, because there is no ability to do a max. One of the regular sellers on the free-for-all auction board had or has a good system with allowing a bid 15 minutes or so after ending so that somebody can't top by $1 at X:59 and nobody else has time to get one in. There are definitely times I would have bid higher if I had a chance to do so on the clock or could place a max bid.

However, with an open public posting format, I don't see how a max bid placed would fix the issue. If I bid a $150 max, someone will then bid $149 just because people are like that.

Say it ain't so...

[HercDriver]

Originally Posted by FrankWakefield

Presently, what is in place works.

I'd be annoyed if there's an $80 to $90 card, that would fill a troublesome hole in my collection, the last few bids have been $40, $41, $50, $51, $55, so I bid $130 with an hour to go, and go to bed... Next day I see someone with whom I've been abrasive in the past (a considerable multitude) has bid $129 with a minute to go. No Sir, what is in place is simple and functional.

And No to bids extending the time. That adds confusion, makes it a game instead of an auction...

I reckon folks that don't like what there is now can forego bidding.... and folks content with the present can be done with auctions if they change. What's the problem with how it is now, again???


Maybe I should audition as a 60 Minutes curmudgeon.

I would argue the other way. Extending the time is the only way to make it an “auction” in the BST. If you don’t have extended bidding, then it becomes the “game” of who can hit 8:00:59 before the other guy, without going to 8:01:00.

[GoldenAge50s]

As a long-time lister on Net54 auctions, I prefer keeping things the way they are now regarding this suggestion, but Thank You Leon for always trying to improve the site!

[cubman1941]

Originally Posted by FrankWakefield

Presently, what is in place works.

I'd be annoyed if there's an $80 to $90 card, that would fill a troublesome hole in my collection, the last few bids have been $40, $41, $50, $51, $55, so I bid $130 with an hour to go, and go to bed... Next day I see someone with whom I've been abrasive in the past (a considerable multitude) has bid $129 with a minute to go. No Sir, what is in place is simple and functional.

And No to bids extending the time. That adds confusion, makes it a game instead of an auction...

I reckon folks that don't like what there is now can forego bidding.... and folks content with the present can be done with auctions if they change. What's the problem with how it is now, again???


Maybe I should audition as a 60 Minutes curmudgeon.

While I am in agreement with what has been said, the logic is faulted (unless I missed something and that is possible). if one bids $130 and with a minute to go one bids $129 - the $130 will win. The time limit does "force" people to stay up and watch until the end and the end and the end. I think that an "X" minute rule to the end of the auction would be the best way to go. It gives people who are really interested one last chance to bid what they really want to spend on the item.

[FrankWakefield]

As I had understood, if the bidding was at $55, then I bid $130, the initial proposal would have me winning for $56. But if someone bids $129 after my $130, then I have to pay $130.

I may well not understand how the public max bids would work.

The very fact that we're having this discussion is a reason to not change it.

[philliesfan]

I agree with others not to change it. But I do like the 10 minute rule. I may start that with some of my auctions.
Bob

[cubman1941]

Originally Posted by FrankWakefield

As I had understood, if the bidding was at $55, then I bid $130, the initial proposal would have me winning for $56. But if someone bids $129 after my $130, then I have to pay $130.

I may well not understand how the public max bids would work.

The very fact that we're having this discussion is a reason to not change it.

Agree - not to change.