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thoughts on the' dangers 'of extended bidding at auctions

Be interested to hear other peoples thoughts.

Replies to This Discussion

Permalink Reply by JK on June 6, 2023 at 11:26am

I'm pretty sure that's incorrect, with one possible exception. For a few years ebay partnered with outside auction houses and those specific auctions may have been different.

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Permalink Reply by Eddy on June 6, 2023 at 12:35pm

That could indeed be what I am possibly remembering. ...

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Permalink Reply by Steve Zarelli on June 6, 2023 at 5:36am

As someone else mentioned, extended bidding is more aligned with traditional "real world" auctions than not. If anyone thinks that one of the goals of an auction is that "the buyer can get a steal," is mistaken. The format is intended to tap into emotional responses to maximize selling price. I'm surprised eBay has not yet implemented extended bidding. I believe it would be relatively simple to implement and it would kill sniping programs in one fell swoop.

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Permalink Reply by Joe W. on June 6, 2023 at 5:54am

I am a fan of sniping. Although extended bidding is fine as well. As long and the rule is the same for everyone all is fair. But, I never let emotions sway me to overbid. I have a set of amount I'm willing to pay and with sniping my odds increase in my chances of winning. I also lose a good percentage of the time by one bid increment.

The good news is that even when losing in the last second there is always something else available. Plenty of fish in the sea!