On Apr 19, 2010, at 8:24 PM, Brian Walters wrote:

> These days I do all my bidding using a sniping service.

Ah, that's no use on NZ's most popular auction site (Trade Me).  They have an 
auto-extend feature so the auction will extend by 5 minutes if a bid is placed 
within that final 5 minutes.  If another bid is placed it'll extend again.  
After the nominal closing time has passed, the actual closing time will be 5 
minutes after the final bid was placed.

It's a very good idea, helps the seller maximise their price (and thus the 
site's success fee) and prevents sniping.  It's also a bit more realistic 
compared to an old-style "meatspace" auction.

If you have a maximum price in mind you can just set an auto-bid and come back 
later.  If someone outbids you the system will automatically raise your bid as 
far as necessary until it reaches the limit.

Ebay never really got a foothold in this country, I'm not sure if they even 
bothered.  The guy who started Trade Me sold it for NZ$700M a couple of years 
ago.

Cheers,
Dave
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