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<p>[QUOTE="Blaubart, post: 1553810, member: 37498"]It's hard to say what they would or wouldn't have done. If they put themselves in your position where they had to make up their mind up front about the highest price they're willing to pay, they might have put $45.</p><p><br /></p><p><br /></p><p>...and I see this as just one of many flaws in FeeBay's system. I think they should try to replicate the tried and true live auction format as closely as possible. Live auctions don't close at a designated time. They close after giving everyone a chance to place another bid. "Going once... going twice... SOLD!" FeeBay should do the same. If they receive a bid just before the closing time, they should extend the time by at least one minute. The fifteen minutes that other sites use is a little much, but it's better than nothing.</p><p><br /></p><p>ETA: The reason I think the 15 minute extension is a bit much is that I have bid on vehicles on the govauctions web site and hardly anyone bids until the end. Then people bid typically outbid each other by the minimum increment. Then it seems the next guy usually waits till the end of the 15 minute period before placing his bid. I sat around once for FOUR HOURS waiting for the bidding to reach its end. If they made it one minute, it would have taken 15-20 minutes. I guess I could have just walked away and checked back the next day to see if I'd won, but I just had to watch. (I didn't win. The darn truck sold for well above blue book value...)[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1553810, member: 37498"]It's hard to say what they would or wouldn't have done. If they put themselves in your position where they had to make up their mind up front about the highest price they're willing to pay, they might have put $45. ...and I see this as just one of many flaws in FeeBay's system. I think they should try to replicate the tried and true live auction format as closely as possible. Live auctions don't close at a designated time. They close after giving everyone a chance to place another bid. "Going once... going twice... SOLD!" FeeBay should do the same. If they receive a bid just before the closing time, they should extend the time by at least one minute. The fifteen minutes that other sites use is a little much, but it's better than nothing. ETA: The reason I think the 15 minute extension is a bit much is that I have bid on vehicles on the govauctions web site and hardly anyone bids until the end. Then people bid typically outbid each other by the minimum increment. Then it seems the next guy usually waits till the end of the 15 minute period before placing his bid. I sat around once for FOUR HOURS waiting for the bidding to reach its end. If they made it one minute, it would have taken 15-20 minutes. I guess I could have just walked away and checked back the next day to see if I'd won, but I just had to watch. (I didn't win. The darn truck sold for well above blue book value...)[/QUOTE]
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