Ebay introduces extended bidding

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TasMike

·6:40am yesterday

Ebay has introduced extended bidding on all Australian auction listings. Every time a bid is placed in the last 60 seconds of an auction the end time is extended by a further 60 seconds. This will have the effect of removing any advantage that might come from sniping. I have used sniping to advantage for years, but not only to win an item at a reduced price, but also to avoid starting early bidding wars and to be able to set a maximum bid and leave the sniper to do the work with a few seconds to go. Setting and forgetting allows me to avoid the temptation to increase my bid. So, for this reason, I will continue to snipe.

Edited: 6:46am yesterday

 

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dsio

·6:50am yesterday·Ash @ ΩF

The snipers are a pretty big pain in our arse as they steal commissions on purchases so hopefully removing that incentive helps a bit, I can imagine people will be more early to scare off competition rather than trying to bid right at the end

 

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cristos71

·6:59am yesterday

How does a sniper steal commissions on purchases?

 

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Vercingetorix

·7:01am yesterday·Spam Risk

eBay should have done this years ago. It only makes them more money.

 

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TasMike

·7:05am yesterday

dsio

The snipers are a pretty big pain in our arse as they steal commissions on purchases so hopefully removing that incentive helps a bit, I can imagine people will be more early to scare off competition rather than trying to bid right at the end

I set the highest price I am prepared to pay just as I would if I was bidding early on Ebay so I don't believe that I steal commission from sellers by doing this. The bidders who reduce commissions are the ones who, for some reason, don't bid to their limit and then caught out by the snipers. Sniping doesn't guarantee a win, but it does guarantee that I don't get carried away in a bidding war.

 

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Fallout Boy

·7:26am yesterday

TasMike

I set the highest price I am prepared to pay just as I would if I was bidding early on Ebay so I don't believe that I steal commission from sellers by doing this.

Exactly: he gets the highest price. He, the seller has chosen this way of selling....not the buyer.

 

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Dan S

·7:37am yesterday

This could make people more willing to sell again.

 

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Vinz Clortho

·11:11am yesterday

The toughest part of playing the game was always remembering when a certain auction was coming to a close. Never used any sniping software but would watch auctions and bid within the last 20 seconds for something I was interested in. Did find guys would bid and run up the price when they had no intention of buying it. When they introduced the autobid it really helped to set it and forget it.

 

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Mediocre

·1:49pm yesterday

I was sniped recently on Ebay, but I knew it was a possibility.

This new change will just keep me from making any last-minute bids.

 

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Tony C.

·4:52pm yesterday·Ωf Jury member

I have a bone to pick with these type of systems: if a live bid is immediately superseded by a higher automatic bid, there should be no extension. Only when a live (i.e. new) bid becomes the highest bid should the bidding be extended.

 

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Dan S

·5:02pm yesterday

Tony C.

I have a bone to pick with these type of systems: if a live bid is immediately superseded by a higher automatic bid, there should be no extension. Only when a live (i.e. new) bid becomes the highest bid should the bidding be extended.

Agree 100%. It's ridiculous that people can extend the time almost indefinitely with tiny increments. At the most, there should be only a very short extension to allow the person to increase the bid.

 

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502 to right

·7:30pm yesterday

I don't tend to bid on anything these days. Most things I'm interested in have a buy it now price with make an offer. Or I buy through Chrono24 or directly from a seller if they have a website.

I have no interest in auctions. And if I saw that something had extended bidding, I definitely wouldn't be interested.

 

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jumpingsecond

·Today at 5:26am

This model works well on bring a trailer to drive bidding wars (and prices up). Australia may be the test market but I won't be surprised when this becomes the norm for Ebay globally. More money for them.