Quote:
Originally Posted by barrysloate
I'm trying to think about all the nuances of that plan but on first look I think it is an excellent one. The reason I like it is it forces a bidder to start bidding. Any system that allows a bidder to wait ten hours before he logs on is flawed.
|
Barry-
That's exactly the angle I've been looking at. There has to be pressure put on the participants to participate or the whole thing grinds along.
At the same time having a definitive cut off doesn't help the early action either.
So there has to be a system that encourages action and exhaust the potential bidders until only one is standing. Much like a live auction.
What can be the on line equivalent of "Going once...going twice" It's not the fifteen minute rule as we know it now.