Conducting auctions on the B/S/T

[Leon]

Originally Posted by barrysloate

Having 30 auctions going at once would be easily manageable. Prospective bidders could scroll through them in a couple of minutes and decide if there are any lots they wish to bid on.

What could get confusing is if those 30 lots had 30 different sets of rules. Do we need to set some guidelines on how these auctions should be run?

Rules- Not sure this will be easy. I almost think that each thread (I will make a rule of only 1 at a time per member) has to have it's own rules. I need to be back to my regular job in the near future more than I am at it today and just can't manage all of that. I will also reserve the right to shut the auction project down if it gets out of hand.....or if it gets too complicated or there are too many problems...not necessarily in that order.

[barrysloate]

One aspect of this worth discussing is if the seller is not happy with the final bid, can he pull the lot and not sell it? Because if this is not clearly stated going in, there is going to be an awful lot of bad blood on the BST.

[Leon]

Anyone that is logged in can see that I am testing some new things. Not to worry Matt got a fresh back up yesterday so God forbid I blow this darn thing up we can go back to where it was yesterday

[shammus]

Barry,

That's a good point and something I mentioned a little earlier on. I guess we'd need to figure out a way to keep people from dropping out of the transaction when they're disappointed with the final price.

It also seems that we'd need to regulate this a little closer than we would normal BST pages. Right now, everyone just sort of chooses their own rules but it seems that we'll need to come up with a consistant format to prevent confusion.

[barrysloate]

Hey Brian- stating the rules in advance could be the key. I think there is a strong possibility that a good many sticky situations might occur that will need the moderator dude (what's his name?) to intercede and resolve. We certainly don't need fighting going on over there.

[Leon]

The banner ads don't pay enough for me to pay my bills. I need far more than a million dollars a year which is all the paltry ads pay me ....So we now have the place to do auctions....Ya'll come up with some good rules and we will do 1 sticky for them, in that forum and I really can't/don't want to moderate it anymore than I do the regular BST now....Hope this helps.....I have to say this would have been almost impossible on the old board.

[mybuddyinc]

Being the "Dutch Auction Kid," I thought I'd respond.................

Following Frank's BST auction attempt, I thought I'd give it a try, with a "fun" twist. I think it has been fun, and has interest, and might catch on as an option in the BST realm.

I do also agree with the BUMP issue, and never really thought about it until is was brought to light. I agree it does seem a bit unfair. I have bumped my recent auction for the last time (although I will keep reducing price until remaining 3 cards are sold).

So, if there is a feeling that auction are going to rise on net54, then I agree a separate category would be the answer.








(man, my first semi-confrontational post kinda' got a tingly feeling all over. Maybe next time I'll call someone a jerk ))))

[Adam]

Originally Posted by shammus

[we] need to figure out a way to keep people from dropping out of the transaction when they're disappointed with the final price.

That is the most important "rule" for any Net 54 auction.

If a person is not willing to sell something to the highest bidder, then that person should not be using an auction format to sell their item. There is inherent risk that comes along with selling something by auction. Selling via an auction is not for a risk averse person. The whole underlying theory behind a true auction is something is sold to the highest bidder, at whatever price the highest bidder bids!

If somone insists on using the auction format and is NOT willing to sell their auction item unless the price reaches a specific level, then they should be required to SPECIFY AN OPENING BID AMOUNT in their initial auction posting that is equal to the lowest amount they will sell the item for. It is not fair to do it any other way. A seller should not waste a bidder's time.

[deadballera]

Sellers should post a minimum bid of what the rock bottom price would be accepted. I don't think pulling a card or lot would be fair for any bidders if it did not meet the expectations.

Keep it simple for everyone..and there will be less bad blood.