About NP Live Auction bidding for listing

[duskdawn]

Hi guys,
Well, I think the current way we bid for listing the names for live auction needs some improvement.
Since all winning bidders will only be charged as much as the 30th place bidder, in order to make sure remaining on the list, people tend to bid as high as possible and make the bid higher and higher each time.
So overally we might end up bidding like NP$500 for a listing and it is above some of the real prices we expect to sell.
I haven't come up a better option but I bet we can figure out a more fair solution for the listing.
I'm wondering what you think.

 

[RJ]

Hi guys,
Since all winning bidders will only be charged as much as the 30th place bidder, in order to make sure remaining on the list, people tend to bid as high as possible and make the bid higher and higher each time.
So overally we might end up bidding like NP$500 for a listing and it is above some of the real prices we expect to sell.

Since you pay what the 30th bidder has bid, it would take 30 people with the same idea to make the final bid price unreasonable.

 

[Epic]

I'd pay 500 NP$ for an auction listing if I had something good to sell.

 

[duskdawn]

Since you pay what the 30th bidder has bid, it would take 30 people with the same idea to make the final bid price unreasonable.

Here is one.

I'd pay 500 NP$ for an auction listing if I had something good to sell.

And for those who are fond of NP live auction, it is not difficult to have 30 people, if not more, to bid much more than most NPers would like to pay.