Quote:
Originally Posted by Lorewalker
eBay is 24/7/365 and as such is a dynamic experience. Auction houses have catalogs that have a limited amount of items that end on a particular day.
I am not as smart as most who have posted that it will be great or horrible for sellers. I just know that most people hate change. Many people hate eBay and their changes usually screw up the site and lastly, nothing has ever stopped a collector from trying to buy something that they want. If we can all overlook blatant fraud and still bid, a little change like this should not be an obstacle.
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Quote:
Originally Posted by OhioLawyerF5
If an auction house ends their auction at 2 am, yes, I am not bidding in extended bidding in those auctions. And therein lies the difference between ebay and an auction house. It's not an insignificant difference.
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No one says you have to stay up until 2AM because that's when extended bidding lasts until. All auctions that I am aware of allow you to place a maximum bid that will be bid up to automatically if necessary to keep you as the high bidder. If you don't want to bid that way because you're worried about shill bidding, that's your decision.
As for the comment about people hating change, you're definitely right about that. There were plenty of threads in the past about eBay not doing anything about fake items being listed. As soon as they introduced the authenticity guarantee, there were plenty of threads complaining about it. While it's not perfect, I would guess it has cut down considerably on fake items being sold. Similarly, I'd be surprised if switching to an extended bidding format will really impact prices negatively. For all the people who say they won't bid any more or will bid less, there will be many others who will bid more and higher because they have the chance to keep bidding to win something they really want. That's the psychology of an auction that leads people to pay more than they were planning in the first place.