Auction Forum Poll - Please vote!

[Jennifer]

Are you more likely to bid on an auction if there is a "fixed" end time (Ex: 1/22/2009 at 10pm EST, or using the "Extension" method (ex: auction ends 48 hours after a final bid is placed)

I'd love to hear your thoughts!

Thank you

 

[Jackie]

As a buyer, it doesn't really matter to me which the method is.
As a seller however, I prefer to end my auctions "48 hours after the final bid is placed" to give me an opportunity to make at least one bump after a bid, and give bidders who may have forgotten about the auction a chance to place more bids.

 

[Krossat]

Fixed as I can target the date and time to bid right in the end and probably get a better deal.
Extending auctions tend to get lost in time for me.

 

[DebX420]

I'm with Jackie on this one - as a buyer, the fixed time is better so we can get better deals, and as a seller, get an extended time, for better deals.

 

[Nem0]

I will talk about a very short 5 to 10 min extension at the very end of a fixed-ending auction..

For example, an auction that ends exactly at say Jan 19th at 3:00pm pst.

For me, no short extension at the end makes it great for the person who has not bid yet since they can just wait for that exact time and Bam, bid a dollar more than the high bidder in the last few seconds an dthen win it.

No short extension is bad for the current high bidder though, since they can't use a proxy on themselves. For instance, if I am high bidder with $10 bid, if I am worried someone will snipe me with 5 seconds left I can't place a $30 proxy or something like that... that's just bidding over myself and making myself pay more if there are no snipe bids. But if there is an extension of even one minute (if say a bid is placed within 5 minutes) then the previous high bidder has a chance to re-bid (which is also good for the seller )

Again just talking about an extension that just delays the auction for 5 or 10 minutes if a bid is placed at the very end and not what was in the poll.

 

[Michelle]

Fixed simply because I often forget about threads that I bid on days ago :gl:

Interesting poll :tu:

 

[dgridley]

As a buyer, I'd rather see a fixed end date.. as a seller, I'd rather be more flexible. Overall, fixed seems to be the better choice IMO.

 

[-REECE-]

That gets my vote as well. Namepros only lets you post every 40-some seconds, so even if someone wanted to bid higher, they wouldn't be able to at the very end if they had just placed a bid unless there is a small extension.

I will talk about a very short 5 to 10 min extension at the very end of a fixed-ending auction..

For example, an auction that ends exactly at say Jan 19th at 3:00pm pst.

For me, no short extension at the end makes it great for the person who has not bid yet since they can just wait for that exact time and Bam, bid a dollar more than the high bidder in the last few seconds an dthen win it.

No short extension is bad for the current high bidder though, since they can't use a proxy on themselves. For instance, if I am high bidder with $10 bid, if I am worried someone will snipe me with 5 seconds left I can't place a $30 proxy or something like that... that's just bidding over myself and making myself pay more if there are no snipe bids. But if there is an extension of even one minute (if say a bid is placed within 5 minutes) then the previous high bidder has a chance to re-bid (which is also good for the seller )

Again just talking about an extension that just delays the auction for 5 or 10 minutes if a bid is placed at the very end and not what was in the poll.

 

[SeanPreston]

I think most buyer will say the "Fixed" method as it means they can usually get the domain at a lower price. On the other hand the "Timed" method is best for th seller as it means they can get the most for the domain for sale. So theres a slight conflict between the two and I think at the end of the day instead of it coming down to money its more about "Do you want a quick sale?"

cheers
sean

 

[dezinerite]

I much prefer the fixed method. But I don't mind the flexible one esp. if they've got a set BIN price.

 

[Sameh]

As a buyer, it doesn't really matter to me which the method is.
As a seller however, I prefer to end my auctions "48 hours after the final bid is placed" to give me an opportunity to make at least one bump after a bid, and give bidders who may have forgotten about the auction a chance to place more bids.

Same here.


I voted "Either method is fine... I bid regardless" BTW.