[Boatanchors] auction time linked to what timing source?

[Rob Atkinson]

That also bring up the other issue of idiots who start right away
bidding on something that has 6 days to go instead of exercising some
restraint and letting it sleep for at least 5 days.

There are always one or two who have to start right in bidding
something up which does no one any good.  I guess to some folks money
doesn't matter.

Rob
K5UJ

On Fri, Feb 12, 2010 at 11:56 AM, J. Forster <jfor at quik.com> wrote:
> Wrong. Consider the following example:
>
> =====
>
> Bidder Number    Bid Seen     Max Bid   Current High Bidder
>
> 1                $10            $201          1
> 2                $11             $11          1
> 2                $20             $20          1
> 2                $50             $50          1
> 2               $100            $100          1
> 2               $125            $125          1
> 2               $200            $200          1
>
> Auction Ends. Bidder 1 wins at $201
>
> =====
>
> In this case, the Newbie (Bidder 2) has cost Bidder 1 $190 dollars. Had
> Bidder 1 simply sniped it, he could have bought the item for $11.
>
> Great if you are the seller, stinks if you are the successful bidder.
>
> -John
>
>