Quote:
Originally Posted by JJ McGraw
I guess , when bidding recently, I bid ( while still awake) my max and then go to bed. Usually I don’t win this way, but I have never liked this practice of “ regular bidding over….but wait….now EXTENDED bidding begins.” Many other venues I have participated in, like Gunbroker, have a specific beginning and end, and you can plan and count on that. There have been a lot of cool items this year on these auctions, but I absolutely hate extending bidding hours and hours after it should have ended. Nothing will change, the powers won’t read any of this, but sometimes, it’s good to vent.
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The point of extended bidding is to more accurately mimic a live auction. Could you imagine going to a live auction where, while an item was receiving bids, an auctioneer said, "whoops, sorry, time is up on that lot"
The best match would be a format where each lot ended after the previous lot finished receiving bids, which some general auction houses actually use, but if you think auctions run late now, yikes. If you only have a few hundred lots it's barely doable, but a 3000 lot auction could literally take a week to close.
To make it even remotely feasible the extended bidding models have evolved. I will say I definitely prefer the model where lost close on their own individual clocks, where one bid can't keep the entire auction open. But again, an auction of a given item isn't supposed to end at an arbitrary time, that is completely anathema to the point of an auction. An auction is supposed to end when nobody wants to place any more bids.