usayit
No longer a newbie, moving up!
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- Nov 15, 2003
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Would never work. This relies on each buyer being in the room at the same time looking at the same piece with intent to buy. The idea would be nice but doesn't scale well internationally over the net. To get maximum gains the delay for the hammer fall would need to be quite long, and if there's last minute activity it could significantly prolong the auction.
It would work if the time period which expires the high bid to the winning bid is required to be greater than 24 hours. So the highest bid A and the count down starts. Someone comes in and bids A+1 and the countdown restarts. So on and so on.... If the final bid A+100 is made (lets assume its the high fair price) and no one within a 24 hour period makes A+101, then the winning bid is A+100. That's the true high bid... not just what happens to be sniped at the end. It is what everyone is familiar with (hence friendly to new members) and levels the playing field between those that are savy enough to snipe and those that are not.
In a live auctioneer driven event, the highest bid is made and he tries to get more bids to come in. Once he feels that there is no interest in placing a higher bid, he starts saying "Going once, Going Twice, Sold!" Its no different, simply have the auctioneer start at 24 and count down every hour.
My only guess why Ebay doesn't want to host such type of auction is that they won't be able to control the amount of data hosted per given time. An item originally placed up for auction can go on for a few days after the supposedly end of the auction. This can mean an item that was posted for 4 days can be extended several days accruing more operating/hosting costs but Ebay itself doesn't necessarily make more $$$.
Sniping should have absolutely zero effect on you if you have a reserve price and use it appropriately.
Here's the problem with the last part of your statement. This only works in an ideal world when users are all using the high bid appropriately. In the real world, people who have lives and better things to do end up feeling frustrated because of the sniping. Can you blame them when Ebay allows buyers to set the increment to $1? I can't tell you how many of these "Ebay == frustration" threads pop up all over the internet. The most often answer in those threads are simply.... "You need to snipe"... Oh and here's the website to download the app.
I have to admit.. Many years ago when I started on ebay, I too was frustrated because I was wasting time counting down the last seconds. As a seller, I was frustrated because I couldn't capitalize on the bidding frenzy that occurred towards the end. That's when I decided.. heck... just flow with it. "Bid and forget.. " Unfortunately, I don't sell much on there anymore because often I can get better return if sold locally.