What is the best time for an auction ending?

[jacal1]

When we get offers, we submit to auction and the auction starts and ends at that particular time of day. I tend to wait until mid to late morning to start auctions assuming that an end time mid-morning on the east coast US, 8 or 9 am on the west coast US, and somtime in late afternoon to evening in Europe is optimal.

Thoughts? Experiences?

 

[Name Trader]

Are you talking about Sedo? It was my understanding that the auction time was set by the time of the last offer not when you put it to auction. But I may have misinterpreted my own experiences there.

There are so many possibilities. If it's a corporate or personal purchase, if it's a US or European purchase, etc. I think it's not that important to worry about. Whoever is going to purchase your domain has ample time to organize their offer before the auction ends.

 

[Halobitt]

Often wondered the same question myself. How about eBay as well? Anyone surf there at particular times?

 

[domainitrix]

Hmmm, I wondered about the same thing too-about Sedo.
About Ebay, I 've googled and found a survey result done on the auction closing time.

http://www.auctionbytes.com/cab/abu/y204/m02/abu0113/s04

 

[Earthian]

on SEDO the auction ends exactly 7 days after the time/date the buyer submitted the offer and not when the seller accepted the offer ...



you can check this in the ToS ("The Auction Period ends seven days after the initial bid had been submitted which triggered the seller to start the auction." , Section 5.1.2.2 , 2nd Paragraph) ... or you can check the remaining-time/end-time under the send-to-auction option when you receive an offer (which is calculated by the time the buyer sent the offer)



I think this rule can be easily manipulated in favour of a buyer ... as I described a about a couple of months ago here ...

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[Name Trader]

on SEDO the auction ends exactly 7 days after the time/date the buyer submitted the offer and not when the seller accepted the offer ...

That was my experience also. My memory not failing consistently yet

 

[onewordonly]

6 - 9pm on a Sunday is the best time & day

 

[jacal1]

I think this rule can be easily manipulated in favour of a buyer ... as I described a about a couple of months ago here ...

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Interesting...all's fair I guess. I was wondering how I could "manipulate" as the seller :hehe: , but meanwhile buyers have been doing it all along.

 

[Earthian]

I think the start-time/end-time in the SEDO auctions should be reconsidered ... the seller is selling a domain so , basically , he should be the one deciding which is the appropriate end time ... I don't think it is manipulation if the seller tries to set a good end-time , it is just business tactics ... and from the buyer's side (as the system is right now) , I don't think it is manipulation (that's why I had italics on the previous post) , it is just trade tactics according to the rules set by the auctionhouse ...





eg. the seller should have a choice between 3 , 5 or 7 days after he sends a domain to auction ... he could send it to auction up to 7 days after he receives an offer , or the different durations could be determined by the days that passed after the offer (if they try to keep a certain approximate number of days from offer to end-of-auction , eg. app.7 days total) , but he should be deciding/setting the exact start/end time and not the buyer ...





the way the system is right now , there is nothing stopping a buyer sending an offer early Sunday morning eg. 07:00 GMT ... people in Europe are probably still sleeping ... people in the US are clubbing or sleeping ... the only ones probably that could bid in the auction are people in Asia which , though , don't visit SEDO as much ...





on the other hand though , maybe they should also reconsider about allowing the buyer to submit two offers .. one that could be send to auction and one that would be a fixed purchase offer (that could not be sent to auction) ... in the recent months , I can see many potential buyers sometimes keeping their offers low out of concern that the seller would send the domain to auction ... maybe this would complicate the system , though ...





maybe (currently) these two characteristics ... seller has the ability to send an offer to auction instead of accepting it straightaway ... and ... buyer "setting" the end time >>> possible "bad" ending time >>> possible low end price >>> therefore sending an amount that a seller might accept for auction ... maybe they kind of even out with each other lol ...

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[verbster]

6 - 9pm on a Sunday is the best time & day

For ebay...they recommend weekend evenings, I believe. For domains, I'd just think late in the evening, so it might also end in early morning internationally.

 

[DomainMayhem.com]

6 - 9pm on a Sunday is the best time & day

6-9 p.m. Pacific. This is exactly right, for eBay. For Sedo I don't know, though I would think it would be similar.

 

[sanatana]

There have actually been some academic studies done for eBay. These claim that the highest selected closing time is 8pm and that all activity is highest in the 6-11 pm EST window. (see .gif which I hope uploaded successfully)


I'm not convinced that it's necessarily better to have your auctions close during the highest time as you find yourself competing with a large # of others closing. Too, this window is for everything from Aardvarks to ZZ Top memorabilia. My hunch is that the profile for domains only is a bit different.

On the Sedo front, their brokers prefer to close'em (as I understand it), at 4pm EST or thereabouts.

S