Posted By:
Scott Mt. JoyIt would probably start affecting my bidding around $500 but I dont see any real downside in just making the whole thing at 5%(plus a lot easier to program). As has been mentioned above I think more bidding leads to more competition (within reason of course), which imo makes a better auction.
Barry, I think you have a real advantage vs the larger auction houses in that you can try something like this out and then based on how the auction goes make a judgement on future auctions. IMO you are showing your willingness to put your customers ideas to the test which is a big plus and affects where I decide to spend my future collecting dollars.