19 Dec
2000
19 Dec
'00
10:22 p.m.
On Tue, Dec 19, 2000 at 08:00:01PM -0800, Marvin (marvin(a)rain.org) wrote:
John Tinker wrote:
Well, eBay caters thus now, though. It'd just be catering to *all* the
people that can be online when it closes, and not the guy who gets in
the last click before the buzzer. It'd work well for high-ticket
items, I think, but not commodities. After all, what you said above
applied to auctions based on meatware would cause much raising of
eyebrows and quiet "tsk, tsk"-ing from the auctioneers. :-)
-Rich
--
------------------------------ Rich Lafferty ---------------------------
Sysadmin/Programmer, Instructional and Information Technology Services
Concordia University, Montreal, QC (514) 848-7625
------------------------- rich(a)alcor.concordia.ca ----------------------
Sellam Ismail wrote:
Not an excellent idea as it caters to those people that can be online when
the auction closes and discriminates against those that can't. Or do like I did for the Apple-1 auction at VCF
4.0: keep
extending the auction for fifteen more minutes after each new
bid came in within 15 minutes of the planned closing time. The
bidding actually went on another 50 minutes or so before no more
bids came in.
Excellent idea. On-line it could be a shorter period, like 5
minutes, but it would let the price develop to its full potential.