Vintage Computer Festival wrote:
On Tue, 24 Feb 2004, David V. Corbin wrote:
Personally, I wish that the auction would be more
like a real world one
where the auction ended (after a suitable startup delay) when not bids had
been placed for a specific interval (30 minutes?). This would more
accurately reflect a "real world" open auction. IMsnHO.....
And that's exactly how the Vintage Computer Marketplace works.
At a RL auction, ALL participants are present at the finish. The
question of who gets "screwed" by sniping defaults to those participants
who don't bid what they are willing to pay. My preference is to allow
sniping.