On Sun, Aug 24, 2008 at 11:48 PM, Tony B <[EMAIL PROTECTED]> wrote:

> Of course, this is an absurd way to run an auction. No RL auction
> would ever take that $51 bid without asking for more. Seems like there
> should be a simple way to solve the problem via software, such as
> extending an auction if a bid is received within the last x seconds.


Yep, I like the idea of an auction that extend time for five minutes after
the last bid.   One of the lesser auction services is reported to do
something like this but I don't remember which one.

>
>
>
> On Sun, Aug 24, 2008 at 11:35 PM, Chris Dunford <[EMAIL PROTECTED]>
> wrote:
> > The sniper way: I don't put in my maximum bid. Instead, I tell my sniper
> > that I'm willing to pay up to $100.  For now, the clock just ticks.
> Nothing
> > happens.  Harvey is fat & happy because he thinks he's getting his
> heirloom
> > for fifty bucks.  But 10 seconds before the close, my sniper jumps in and
> > bids $51.  I still win, but I saved $40 because Harvey didn't have time
> to
> > outbid me.
>
>
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-- 
John Duncan Yoyo
-------------------------------o)


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