R2R Member Auctions In the Classifieds Idea Thread

[revhtree]

We're working with a dev to possibly add the ability for auctions within the classifieds. So you would be able to list live good items as auctions if you choose to do so.

BUT if we're going to do this we need ideas on what you would like to see when it comes to auctions. Options, ideas, etc..

If we don't get ideas we're going to assume it's not anything you want and it will be dead in the water.

 

[JumboShrimp]

Maybe to keep it moving, with a sudden-death ending, something like:

‘Auction is Live for 72 hours, at which time auctions ends after 3 hours where no further bids have been made.’

 

[revhtree]

Maybe to keep it moving, with a sudden-death ending, something like:

‘Auction is Live for 72 hours, at which time auctions ends after 3 hours where no further bids have been made.’

Thanks can you explain that a bit more?

 

[JumboShrimp]

Sure. I post an item for people to bid on, say Monday at 10 a.m. Presumptively the auction ends Thursday at 10 a.m. Now suppose Thursday at 9:45 a.m. there is a new higher bid placed. It pushes the auction ‘closing time’ to 12:45 that same day. But theoretically the window to bid can keep getting bumped back by three-hours at a time until all people have entered a bid. Kind of like a last-flurry of activity. (Or it could finally close after one-hour, or after two-hours without a bid— whatever you decide.)

 

[glency]

I wish people would utilize feedback more.

 

[seant2h]

I hate when my item on the most popular online auction site ends with a few “sniper” bids just before auction closing instead of bidding it up over time. That said, I like how one site I follow does it where there is a published auction ending day & time and beginning at that time the auction will end 2 minutes after the last bid is received.

How it Works

Bring a Trailer Auctions is the best place to buy and sell vintage and classic vehicles - Porsche, BMW, Land Rover, and more.

bringatrailer.com

• Sniping protection extends the auction clock by two minutes each time a bid is placed in the auction’s final moments. The auction isn’t over until two full minutes have elapsed since the highest bid was placed.

 

[fishguy242]

following...

 

[revhtree]

Thanks so far!

 

[flagg37]

I hate when my item on the most popular online auction site ends with a few “sniper” bids just before auction closing instead of bidding it up over time. That said, I like how one site I follow does it where there is a published auction ending day & time and beginning at that time the auction will end 2 minutes after the last bid is received.

How it Works

Bring a Trailer Auctions is the best place to buy and sell vintage and classic vehicles - Porsche, BMW, Land Rover, and more.

bringatrailer.com

• Sniping protection extends the auction clock by two minutes each time a bid is placed in the auction’s final moments. The auction isn’t over until two full minutes have elapsed since the highest bid was placed.

I like that. There could even be a notification sent to the last highest bidder to let them know they’ve been outbid.

I like having a buy it now price option.

 

[JumboShrimp]

( @revhtree, we all appreciate how you are always brainstorming, innovating, testing— keeping what works and streamlining out what doesn’t. )

 

[Jedi1199]

Another idea on "sniper" bids... IDK if it would be possible, but here is my thought. An auction lasts say 72 hours. Several people are bidding... Any bid in the last 5 minutes, posted by someone who has not been actively bidding throughout, must be at least 15% higher than the previous high bid. This will eliminate the ones who last second outbid by a penny and win...

Just an idea

 

[Jedi1199]

Also, A reminder notification say 30 minutes before end of auction? Give active bidders a chance to log in and watch the final bit and have a chance to win.

 

[revhtree]

Good stuff so far!

 

[Jedi1199]

I think I have an idea that will work in practice...

How about this?

All bids must be at least 10% higher than the previous bid? Simple

For example: an auction starts with a $5 base. the next bid must be $5.50 the following bid must be $6.05 and so on. The end of auction is locked. 72 hours is it, no grace period.

 

[JumboShrimp]

@Jedi1199 — do you know how many people are like me— mathematically illiterate?? LOL!

 

[Jedi1199]

@Jedi1199 — do you know how many people are like me— mathematically illiterate?? LOL!

That is why I suggest 10%.. anybody can look at a bid.. say 15.00 and move the decimal point one place to the left..

Yes, we could do something like say minimum bid is 1 dollar, but what if we are talking a piece that is selling for hundreds?

Say the bid is currently $67.85... You must bid at least 6.79 for the next qualifying bid.

We are in the brainstorming phase here.. Its just an idea.

 

[65newbie]

I like getting on eBay and pulling the trigger at the last minute only to realize after the auction updates after e ding I lost by .50c. next time, I’ll get you next time.
I think if you go the “extend the auction route” 3 hours seems drastic. Maybe 5-10 minutes?
I get notifications on eBay “ Hurry! Only 14 minutes left!” Then I watch the auction like a hawk or my ADD kicks in and I start playing clash of clans and forget about it lol.

 

[mdb_talon]

I like the idea of extending the auction if a bid comes in but think it should be a matter of minutes. Seems this could get pretty difficult though if using the same forum style interface.

I would hope if auction functionality is added it is less clunky than the classifieds with two posts. If it does end up with both sale and discussion post then i sure hope both posts show the location(preferably in text as part of the header) so you dont have to click all over and pray the map actually shows up when you scroll to bottom.

 

[JumboShrimp]

@Jedi1199 — you mean you can move a decimal point?! Why didn’t they teach me that trick in school?? Ahahahahaha

 

[Gtinnel]

I think I have an idea that will work in practice...

How about this?

All bids must be at least 10% higher than the previous bid? Simple

For example: an auction starts with a $5 base. the next bid must be $5.50 the following bid must be $6.05 and so on. The end of auction is locked. 72 hours is it, no grace period.

I can see why that would be wanted as a buyer but for a seller that seems like a bad idea. It could potentially cause the seller to lose out on money because of someone not willing to go the extra 10% (or whatever percentage is chosen).

Also, if that method was used I don't think one standard percentage would work. 10% of an expensive item could be a substantial increase.