On 11 Jul 2005 08:59:15 -0700, jim rozen wrote:
In article , Dave Hinz says...

Just like a real auction -
they keep the bidding open until nobody else wants to bid. Last person
to raise it, gets the item.
I mean, it's been done that way for a few centuries at least, maybe
there's something to it.

Other auction houses do this right now. Folks can sell and buy
using them - but I never would. Ebay gives the sellers enough
advantage because of the huge buyer pool. The other auction
houses (that extend auction times) don't have that buyer pool
because folks recognize that ebay does provide some benefits for
the buyers because auctions do end at a particular time. This
is a good example of true free-market economics at work.

Well, eBay is leading because they're eBay and were the first to do it
well. I wouldn't say that the others are behind because they allow
auction times to be extended.

Maybe eBay would be even more successful if they allowed it.