REA and other auctions, ridiculous delays

[thehoodedcoder]

Originally Posted by CMIZ5290

Is it just me, or do others feel the same way? You have bids on cards for endless hours, and then you wake up to find you were out bid at 2:00 in the morning! Supposedly, there is a 15 minute window to allow final bids. I am finding this more and more harder to believe, I was high bidder on 2 lots for 10 hours! What miracle transpired to have 2 bidders out bid on these 2 lots when most people were asleep? To me it's just a stupid system that needs to be fixed....

i have fallen asleep at my keyboard before, woken up at 6 am and still been able to bid on a lot because things were not closed.

i guess at 2am eastern is really only 11pm on the west coast. figure those guys are up till 2, tack the three back on and that pretty much sums it up.

kevin

[MVSNYC]

Kevin M- i assume you are aware of REA's recent bid page? shows you the 100 recent bids, including a time stamp for each bid, so it's easy to track the velocity of bids. as the auction goes deep into the night, you keep an eye on the recent bids page...granted bids were flying in every 20 seconds or so until almost 5am (from what i see).

[calvindog]

Plus Rob sent out an email warning at 3:15 AM that the auction could end at any time.

[Cat]

Besides Rob doesn't "do" it, we "do" it. Once bidders figure out the rules they will determine the strategy that best fits there chances of winning at the lowest possible price. I basically placed bids on day 1 and then again at 3:30 AM this morning. REA final bidding day gives me the same feeling I had when I was 7 and Christmas morning was in full swing.

[MVSNYC]

"REA final bidding day gives me the same feeling I had when I was 7 and Christmas morning was in full swing."


This.

[CMIZ5290]

Originally Posted by MVSNYC

"REA final bidding day gives me the same feeling I had when I was 7 and Christmas morning was in full swing."


This.

Wow....I give up....

[Peter_Spaeth]

REA is easy for me. I figure out the bid level I am comfortable with, add one, bid early, and get outbid by the crazies.

[sflayank]

okay...stay open til 5am...but why was there no automated outbid notice sent?...by staying open indefinitely...the seller of the item i bid on lost at least $500