On Nov 11, 2004, at 6:05 AM, J. C. O'Connell wrote:
That wouldn't work because then no one would bid at all until the "live auction" kicked in at the end.
That's true but only to a certain extent. An NZ-based auction site I use allows auto-extend as an option for the seller. I recently participated in an auction that had this feature and a few bids had been placed well before the close. I guess they were just trying their chances, or nibbling to find out the reserve price.
It gets really nasty when two bidders start placing autobids during an extended auction.
Overall I think the system works well, but it definitely works in the seller's favour.
Cheers,
- Dave
http://www.digistar.com/~dmann/
