10-day auctions

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Posted By: Jeff S

I'm curious what people think about 10-day auctions. Does anybody on the board use them and believe that they bring more bids? Anybody feel strongly the other way? I know I tend to think in terms of the one-week cycle and occasionally don't bid because I forget about a longer auction.

Thanks for your thoughts on this...

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Posted By: Marc S.

on higher dollar items (whatever your threshold may be...$750 or higher, for exapmle), having a ten-day auction that crosses over two weekends helps ensure that the busy, rich people who may not check Ebay all the time have the opportunity to see your auction and can set their bids or snipes.

The bottom line, as I see it, is that in the high $$$ card market, which is often populated by a fairly select few collectors, exposure is paramount. Without wanting to take the 26.1% hit you get from a major auction house, a 10-day auction may help ensure that all interested parties get an opportunity to see and bid on your auction. I know quite a few lawyers, investment bankers, etc. that all drop major $$$ in the hobby -- and if they are stuck working an 80-hour week when your auction is up, you have potentially lost them as a bidder....

M

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Posted By: Hankron

As someone who has run a lot of 10 day auctions, it is my opinion that the extra 3 days is not a big deal and the seller isn't missing something magical by not not having 10 day auctions. However if you have a special item or simply want to have your auction run longer in the hope of catching that Day 8 browser, there's nothing wrong with it. It's only 10 cents extra ... I mostly don't use 10 day auctions anymore because I largely found it to involve a wasted extra three days (instead of bidding on day 6 or 7, people bid on day 9 or 10), and it's more convenient to handle items for the shorter duration.

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Posted By: Rob M (ramram)

I agree with Mark that big dollar items should get the 10 day exposure. On the smaller items, I think that a 7 day or shorter exposure is optimal. It seems that the adrenaline rush you get when you first spot an auction of interest seems to fade by the time a 10 day auction ends.

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Posted By: runscott

I like 10-day auctions. If I start an auction on Thursday, it ends on Sunday. By Sunday, my 2nd 10-day auctions have kicked off and the first group of bidders have 3 days to run across my 2nd group of auctions. So it's the overlap I'm after.

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Posted By: Jeff S

to think that, for months, I ran a ton of 7-day auctions every week and bumped the start day back a day or two to take advantage of that very same overlap...

granted, it doesn't take much to make me feel stupid, but that sure did it