As A Seller
I would Love to have the 'Automatic Auction Extension' on Ebay like they have in the Yahoo Auctions of Japan. For those not familiar it works like this... If anyone bids on an item with five minutes or less in an Auction the ending time is automatically extended for an additional five minutes and can happen again and again depending on how many keep bidding. I am not sure if there is a limited amount of 5 minute extensions of its unlimited. Imagine, as a Seller, the battles that can be had in the last minutes of your Auction driving up the price and your profits. Imagine a Newbee War where they are are nickle and dime-ing each other up and up and up. Puts a real damper on those who wait to the last second to Snipe bid and run away with your item without letting others have a chance to bet the bid. I would imagine I would have made maybe hundreds of dollars more in profits than with the current hard ending time.
As A Buyer
I would Hate to have the 'Automatic Auction Extension' on Ebay like they have in the Yahoo Auctions of Japan. This would drive me crazy. I love the challenge and excitement of making a very last second bid at the end of an Auction and then waiting a few minutes to see if I have won. I would just hate to have the nickle and dimers in there bumping up the bid fifty cents at a time and at the same time extending the auction. It probably wouldn't affect me as much since I don't nickle and dime and place my bid as the absolute highest I would be willing to pay for an item but it would take away my challenge and excitement. I liken this to showing your poker hand to your opponent at the last minute so he can raise you. I wouldn't like this because its like showing your hand to the other bidder so they then have extra time to bid fifty cents more.
I am by far more of a Buyer on Ebay than a Seller so...Pssst... don't tell Ebay about this and give them any ideas.
I would Love to have the 'Automatic Auction Extension' on Ebay like they have in the Yahoo Auctions of Japan. For those not familiar it works like this... If anyone bids on an item with five minutes or less in an Auction the ending time is automatically extended for an additional five minutes and can happen again and again depending on how many keep bidding. I am not sure if there is a limited amount of 5 minute extensions of its unlimited. Imagine, as a Seller, the battles that can be had in the last minutes of your Auction driving up the price and your profits. Imagine a Newbee War where they are are nickle and dime-ing each other up and up and up. Puts a real damper on those who wait to the last second to Snipe bid and run away with your item without letting others have a chance to bet the bid. I would imagine I would have made maybe hundreds of dollars more in profits than with the current hard ending time.
As A Buyer
I would Hate to have the 'Automatic Auction Extension' on Ebay like they have in the Yahoo Auctions of Japan. This would drive me crazy. I love the challenge and excitement of making a very last second bid at the end of an Auction and then waiting a few minutes to see if I have won. I would just hate to have the nickle and dimers in there bumping up the bid fifty cents at a time and at the same time extending the auction. It probably wouldn't affect me as much since I don't nickle and dime and place my bid as the absolute highest I would be willing to pay for an item but it would take away my challenge and excitement. I liken this to showing your poker hand to your opponent at the last minute so he can raise you. I wouldn't like this because its like showing your hand to the other bidder so they then have extra time to bid fifty cents more.
I am by far more of a Buyer on Ebay than a Seller so...Pssst... don't tell Ebay about this and give them any ideas.