A New Net54 BST, Live Auction Rule Change?

G1911 · #1 09-26-2023, 08:31 PM

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 · #2 09-26-2023, 09:47 PM

Quote:

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...

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