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.
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Exactly - It effectively forces every bidder to place a potentially winning bid on at least one lot at a reasonable time. That should certainly help. The hole in this plan is when does the auction end - if I'm chasing multiple lots, I could be high on one all night and wait until 4 AM to place a bid on several others; but I'm working on an idea that should solve that issue.