I agree that the REA and others are seeing great numbers and with no better platform see no reason to do things differently.
I simply think there has to be a better way to get people to bid in a timely manner. It's absurd that some people could not be winning any lot and not have placed a bid between the hours of 4pm and 2am and still be allowed to bid IMO.
My idea is when the extended bidding begins you have to hold a high bid. If a certain period of time lapses without you holding a high bid you are no longer eligible to bid. This forces people to participate and not sit back and watch everyone else keep the auction going.
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