19 Dec
2000
19 Dec
'00
7:48 p.m.
Sellam Ismail wrote:
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.