My Two penneth
Bruce I can understand your feelings about fixed end as opposed to extended
end auctions, however fixed end I think is the fairest way.
If you are at a live auction the hammer drops no more bidding on that item,
same should happen on an internet auction, if you have the standard ebay seven
days then instead open it up to ten days but the end is the end.
Otherwise how long will an auction go on for.
If a bidder loses out then so be it, he didn't bid enough. We all have had
regrest when bidding "oh I'd have paid an extra $5 or $10" but what if your
opponent had bid an extra $100 or $200 would you go that far? Maybe and mybe
not. I am sure we have all learned our lessons and had our fingers burned with
getting into auction fever, If that is what you wish to encourage Bruce, but
my personal opinion is that it is not a fair way to operate.
With open ended auctions you could be accused of greed, with such a business
operation that you have Bruce, you don't need to be tarred with such a brush
as your turnover is exemplarary.
The only other point I would make, if you are dispensing with ebay then you
are in the position to makes some savings which you can pass on to your
customers both sides. This will encourage punters to bid that little extra
more.
Apart from that I wish you well with starting your own auction site I am
sure it will be a success with all the past reputation you have from ebay.
Best of luck.
Adrian
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