Auctions failing to achieve (in General)

AdminQBnovice [Cult of the Valaraukar] September 2 2006 9:02 PM EDT

This is a good example of what auctions have turned into.
An item that should easily have a base price of 2-3 mil, with an hour to go and still under a mil.
The autobid bot seems to encourage sniping, and discourage bidding. There has to be a way to
accomplish the goal of regulating supply and demand without causing these sorts of side effects.

AdminQBnovice [Cult of the Valaraukar] September 2 2006 9:05 PM EDT

I think the most simple solution would be to eliminate the time constraints on auctions. Simply allow folks to list items, with or without a buy it now option, and sell when they feel the price has reached an acceptable level.

Miandrital September 2 2006 9:08 PM EDT

How is that any different from the forum-based selling from before (when you could actually post, even if you werent the thread starter)

AdminQBnovice [Cult of the Valaraukar] September 2 2006 9:11 PM EDT

it isn't that much different, outside of the safety of using a proxy system for the money, which is huge for me. You can't make a random bid and back out, you actually have to put money in to make a bid.

chuck1234 September 2 2006 9:58 PM EDT

maybe you should just have waited for the auction to end before shooting off this post....nowadays its the last 15 minutes of an auction that always trigger off the price wars....not to say that the auction system is perfect, though....but, it works.

miteke [Superheros] September 2 2006 10:05 PM EDT

Besides, if you are worried that an item is going to sell for under value, that's what a min bid value is for!

AdminQBnovice [Cult of the Valaraukar] September 2 2006 10:07 PM EDT

I think a simple increase in bid increments could also help...

The auction is over now, 1.6 mil while not that bad still indicates a genuine slide in prices.

Fate September 2 2006 10:25 PM EDT

well i find that its not fair for the casual cber i have work and school i can't stay on tell the auction is over earlier this week i was bidding on some JF and i didn't get ether cause i wasn't able to be on when they ended ether i have to over bid or risk not getting it, but i must say i like this better then the old camping system. i guess you have to pick your poison

Flamey September 3 2006 3:56 AM EDT

nov, to the first post in this thread, which is yours.

if people were to stop auctions when they believe it was at a reasonable price, that would damage both buyer and seller.

buyer, because the buyer wants to get the item for as cheap as possible, so he bids the lowest bid incretement, so what happens when the seller, says this is enough? and someone has outbid him? it gives no time for the buyer to outbid and therefore increasing the price for the seller

Dudster4 September 3 2006 4:09 AM EDT

i Like this auction system, when campers dominated cb i would have to pay millions for equip now i have just recently purchased 2 elb's and an els for a total of around 2.5m.
If i had to buy this equip from another player it would have cost me 5-6m.
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