Quote:
Originally Posted by jayshum
Right, while some people chose to bid on Monday and say they bid more than they would have on Sunday night, others like you may have decided not to bid any more even if they were going to on Sunday night had there not been a problem. That's why I said earlier that it's possible the overall impact of the extra day could have been minimal or even negative. There's really no way to know when you take the reactions of all bidders into account, not just the handful posting on this board.
Personally, I bid on one item Monday that I would have continued to bid on Sunday night and ended up winning it for a price that I would have been comfortable at on Sunday night. Most of the other lots I had been bidding on got no bids in the extra day, but a few did.
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It should not be lost in this discussion that REA, after the outage, immediately opened all lots back up again with the 10-minute timers going. I was watching while this happened and it's clear to me that many bids were placed at that time by people who thought that it would be their last opportunity. The announcement (unless I missed an email from them) of the 24-hour extension was not made until later.
I have a hard believing that they did not make a whole bunch more money because of the way this was handled.
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