topic Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder in Selling

Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

hoges69zi — Sat, 07 Jun 2014 03:02:13 GMT

Why doesn't ebay modify their auction process to stop last second bidders waiting until the very end of the auction. When a last second bid comes in the auction end time should be extended by a set time maybe 5mins until the bidding finally stops. I think it is called going going gone the same as a normal auction

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

harley_babes_hoard — Sat, 07 Jun 2014 03:27:26 GMT

I would not bid if that was the case. I hate that extended time format.

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

howie696 — Sat, 07 Jun 2014 03:30:37 GMT

stupid idea!!

lets hope they never use it

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

lyndal1838 — Sat, 07 Jun 2014 04:10:03 GMT

If ebay did use that system they would lose a huge number of buyers who hate it with a passion.

I have used other sites where it is at the seller's discretion and almost without exception seller's who have tried it have gone back to fixed time endings....but they have never regained the customers who hated the uncertainty of the unknown ending times.

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

diecastcarsvicki — Sat, 07 Jun 2014 04:12:15 GMT

with auctions if i find something i want i place my max bid what i would pay and if i win great if i dont well price was more than i wished to pay. i hate last second bidders but there is nothing can be done because no rules are being broken. best in best dressed.

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

2106greencat — Sat, 07 Jun 2014 05:30:22 GMT

Use a snipe like gixen or something similar if it is really bothering you and keep up with the competition - the whole idea with an auction is LAST HIGHEST bid wins, can't imagine it being any other way.

That's what makes it FUN

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

putney32 — Sat, 07 Jun 2014 06:42:25 GMT

hate hate hate the extended period auctions.

if ebay introduced them I'd never bid again

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

cq_tech — Sat, 07 Jun 2014 06:51:22 GMT

Ebay auctions are not true auctions per se, but rather 'time-limited tenders'.

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

*crikey*mate* — Sat, 07 Jun 2014 07:34:37 GMT

well an online auction is legally classified and supposed to be treated as an auction without a reserve (many similar characteristics to most time-limited tenders without other quantifying clauses) - but how would they be able to extend the time frame?

I've never come across that?

I mean, in a real auction you hear the auctioneer call "Going Once. Going Twice (or whatever)" and you can see when the hammer is going to fall - how would they pull that off in an electronic format?

There has to be some indication as to when an auction ends, doesn't there? There has to be some indication of when Acceptance will occur? otherwise they might go on indefinitely!

Bugger that for a joke, I want to know when the auction ends, both as a buyer and a seller - as a seller i don't want the added stress of deciding when is the appropriate time to pull the plug if there is no end in sight - I got enough decisions to make LOL plus - on eBay we can't end a listing early if there is less than 12 hours to go - so how would that work anyway?

I reckon it'd screw the entire framework, cos a 3, 5, 7 or 10 day auction, may never really have that duration - no one would know if they were Arthur or Matha!

For me, I need to know! If for no other reason than to decide if the item I want fits my timeframe or if I need to source a BIN option.

Can see how it might work if only one bid per item was allowed (like in a silent auction) but not in the format we have here.

So how does the going, going gone model work for electronic auctions?

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

phorum_junkie* — Sat, 07 Jun 2014 10:15:12 GMT

A certain other auction site has the option for sellers to extend the end time by, from memory, 2 minutes. When sellers came to the boards there asking for advice because they were not getting bids they were told to stop using that facility and their sales usually improved (not to anywhere near the ebay levels) I used to do reasonably well on that site, if things didn't sell on ebay I used to send them over there as listing was free but once ebay started reducing listing fees and then giving free ones away I stopped using that site as sales had dropped to almost zero.

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

tstore — Sat, 07 Jun 2014 10:22:47 GMT

Gotta Have It's website which is an auction house has the 5 min extended bidding thing.

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

*crikey*mate* — Sat, 07 Jun 2014 10:31:16 GMT

so these extended times on these various sites - is it just the one extension? so really, you might still be able to snipe sort of? They don't go on indefinitely?

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

k1ooo-slr-sales — Sat, 07 Jun 2014 12:13:47 GMT

Nope, don't like that idea at all. As a seller, it would mean lots and lots of nibble bids that keep the auction going on, and on, and on, rather than members putting in their maximum either manually or by a snipe. It would not guarantee a higher price for sellers and may in fact lead to lower prices. That's okay if you are a buyer, but I think many sellers would move towards Buy-It-Now format.

As a seller, I would hate to have to wait up for hours after the time I decided I wanted my item to end. I say hours because that could happen if time was extended by 5 minutes each time someone bid. it wouldn't become an auction where the person prepared to bid and pay the most would necessarily win, it would be the one that could stay up late enough to be the last bidder.

hoges, is your complaint really that you did not win an item you really really wanted and did not have enough time to place just one more bid because of a last second bid?

My advice, and the advice of seasoned eBayers, just bid your maximum. If it is high enough you will win, if it is not then you wont win . . . . . it really is that simple. If you want extra time to place just one more bid then you are not bidding your maximum are you?

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

padi*0409 — Sat, 07 Jun 2014 12:48:35 GMT

Hoges, I'm with all the others on this one - if a seller (or eBay) decided to use that system I would definitly not be bidding on any of their listings.

I think it would be detrimental to both buyers and sellers alike - it's a no brainer.......................

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

tstore — Sat, 07 Jun 2014 13:01:42 GMT

The item I was bidding on at the website I mentioned went on for over 10 hours. How it worked is that the auction 'lot' had over 500 items. And bidding would be extended for all items by 5 mins if one item out of 500 received a new bid.

It was god awful to say the least.

I am sure some sites howevee have it for individual items rather than an entire 'lot'

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

tstore — Sat, 07 Jun 2014 13:03:39 GMT

Overtime bidding

Bids placed on any lot within 10 minutes of the auction’s scheduled closing time will extend the closing time by 10 minutes of all the lots in the auction The auction will end when no new bids have been received on any lots in the auction for a period of 10 minutes.

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

*crikey*mate* — Sat, 07 Jun 2014 13:18:24 GMT

gawd! that'd do my head in!

I'd really have to really really want that item to muck around with that malarky!

I don't nibble bid, but I also don't put in my maximum bid until the last possible moment so that i don't have to pay more than i "should have" if others didn't nibble and nudge up my price, but bail out or worse - withdraw their bid once my maximum was revealed...

Last night an item was at maybe $10? My max bid was $69 (anticipating other snipers) fortunately there were no other snipers, and the previous high bidders maximum was 20 - so I got it for a bit over that - think it was 50c more?

nibble bidders could have seen me up around the $69 mark - but i only want to pay that if i have to - i still like a bargain!

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

lane-ends — Sat, 07 Jun 2014 13:20:31 GMT

An auction house is fundementally different to a 24/7 online auction. In an auction house all buyers are assembled at a particular time when everything is sold. With an online auction items end at all times of day or night, so to expect most potential buyers to be there at "hammerfall" is unrealistic. Hence the "tender' format.

The current system is well known, and as long as you know how it works then fine for all.

The use of the 'auction" format is fading compared to how it used to be as more and more buyers are convience buyers, who dont want to wait around for a week for a maybe win, maybe loose, item. That novelty has worn off for many.

Re: Why doesn't ebay use the going going gone auction process. The goods go to highest bidder

*crikey*mate* — Sat, 07 Jun 2014 13:23:21 GMT

it was another light (from an aussie seller) and now they've invoiced me $22 extra in postage! without asking or saying anything! - but that's another issue, and it's under control - but sheesh - I'm really not meant to buy lights on ebay, eh? That's 3 out of 4 that have gone dodgy!