Bids extend auctions
#1
fs_nexilon
Posted 17 May 2008 - 15:07
The original intention of any auction is to determine the selling price for an item by taking all offers into account. An auction should stop only when no one is willing to bid more, not when a certain amount of time passes. Any other approach results in wrong pricing. So, how to make things right in FS?
I think that the easiest way of doing this without changing things much would be allowing any bid that is made in the last minute of an auction to extend auction time, making it 1 minute again. Time can be adjusted but the idea itself could prove very useful. Market price would be determined more precisely and it shouldn't result in huge delays thanks to the +5% bid requirement.
#2
Posted 17 May 2008 - 15:13
#3
fs_badjoe
Posted 17 May 2008 - 15:38
some people may not have enough money to buy stuff so his only option is to snipe a cheap item at the last sec with the golds he have to save him enough trouble from finding another cheap items that can let him buy it.
#4
fs_nexilon
Posted 17 May 2008 - 15:54
You shouldn't be able to do that in the first place. An item's price is determined by the market not by the speed of your clicking. If they don't have enough money to buy something, it's their own problem. In most cases, however, they do..Nope im against this idea.
some people may not have enough money to buy stuff so his only option is to snipe a cheap item at the last sec with the golds he have to save him enough trouble from finding another cheap items that can let him buy it.
It is only a speculation, but I suspect that this idea might also increase the effectiveness of Special Potions as a gold sink, motivating and allowing players to bid more for them.
And.. Don't write gold in plural!
#5
fs_ecolitan
Posted 17 May 2008 - 18:09
I carefully select the items I want to bid on. Making sure that all the auctions end before I need to leave for work. I do my research and planning. And strategically bid at last second properly. And, it extends. And someone else... and someone else... and I have to go to work. I think this is problematic for so many reasons. There are umpteen threads on this. I lose stuff to snipers all the time because I don't sit in screen (or use a plugin) 24/7. It's part of the game. If you bid high enough you won't get sniped. That's what I do if I want to guarantee I don't lose it.
#6
fs_nexilon
Posted 17 May 2008 - 18:28
It seems that you have answered your own question.However - how do we handle this:
I carefully select the items I want to bid on. Making sure that all the auctions end before I need to leave for work. I do my research and planning. And strategically bid at last second properly. And, it extends. And someone else... and someone else... and I have to go to work.
If you bid high enough you won't get overbid.
Auctions have nothing to do with strategic planning. They set the right price for an item. If you are not willing to pay that price, you should not be able to buy it.
#7
fs_ecolitan
Posted 17 May 2008 - 19:02
There are about 5 threads with this kind of suggestion. Sniping is a long-standing auction practice for closed-end non-blind auctions. So long as we have this type of auction there will be sniping. I do it, and I lose to it. It's part of the game. And, imho it should be. I've suggested Blind Dutch Auctions (for house auctions) which would eliminate any need for sniping and would actually set the "right" price as much as possible for auction items. But it didn't get much attention.
#8
fs_thelastdj
Posted 17 May 2008 - 21:14
Though I'd like it if they were in addition to the AH.
#9
fs_jimmyjoe
Posted 17 May 2008 - 21:26
#10
fs_angiefc
Posted 18 May 2008 - 14:35
#11
Posted 19 May 2008 - 16:46
#12
Posted 12 October 2008 - 14:15
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