SRL Archive - Market Blabbering

Auction details (time limit)


Brain

2009-09-13 08:00:11

I think that if someone wants to sell an account as an auction, there needs to be a time frame.

Say I'm auctioning an account, starting at $30. But I hope to get at least $40. Then mr.A bids at $30, what's to stop me from just leaving the auction open indefinitely since I don't like the start price?

If there was an auction time limit of like 2-3 weeks (or sooner) after the first bid then at the end of the period the highest bidder gets it, period. (of course as long as it meets the min req.) of course then there is the possibility of "sniping"….


If this is integrated into the rules already, sorry for the waste of time.

TRiLeZ

2009-09-13 08:06:51

I dont think its in the rules yet.
Good idea.

I think the time frame should start with the first bid.

Brain

2009-09-13 08:30:20

From: TRiLeZ


I think the time frame should start with the first bid.


glad you agree, I figure no sense in a posting running out of time if no one is bidding.

noidea

2009-09-13 08:39:46

5 days max imo :)

P1nky

2009-09-13 08:54:48

no, i wouldn't want this at all, a $100 worth account , sold for $40 or so just because the time limit. I rather keep the account and wait for a better buyer.

Griff

2009-09-13 08:55:33

From: ~~Joker~~
no, i wouldn't want this at all, a $100 worth account , sold for $40 or so just because the time limit. I rather keep the account and wait for a better buyer.


That's why there's a starting price, so a $100 account doesn't go for $40.

P1nky

2009-09-13 08:57:10

From: Griff721
That's why there's a starting price, so a $100 account doesn't go for $40.


hmmm ah i see what you mean :)

Brain

2009-09-13 09:12:36

yeah, if it is a $100 dollar account, and you start the bidding at $95 to entice some people, but then it turns out no one actually wants your account, but 1 person does for the $95, and you would hate to sell it at 95, you could just wait forever for a new bid, which is unfair to the buyer. That's why there needs to be a time limit.

Markus

2009-09-15 18:16:55

Imo, someone is free to set the details about the auctions themselves. If he doesn't get the bid he want, his problem! He isn't obligated to sell, but well, you'd rather have some money in your pocket than no money at all, right?:rolleyes:

Lance

2009-09-16 01:43:43

yeah I agree with markus. If say a bid did go over max time, and one person was promised the acount for $100, but then later someone else privately came to the seller and offered $135 oviously the owner would go for it. And then it would leave the origonal buyer pissed off that they fought there way through a bid only to lose it to someone who wasnt even part of the bidding prosess.

If something like this happend people would feel scamed and i dont think its a good idea to have 'bad blood' within the black market or it might make people feel like they are justified to screw other people over since they got screwed overthemselves.

so Imo i dont think we should have bidding, just normal buying and selling.

Edit: unless the seller gave the acount to a black market mod and they changed the password so the seller would not be able to take back the acount. We could have just one mod that has the title of Acount Holder that moderates who owns the acount so there is no going back once a deal has been made.

Brain

2009-09-16 02:38:18

From: Lance
If something like this happend people would feel scamed and i dont think its a good idea to have 'bad blood' within the black market or it might make people feel like they are justified to screw other people over since they got screwed overthemselves.

so Imo i dont think we should have bidding, just normal buying and selling.


I see, but this isn't a bidding allowed or not thing…it is allowed already.
sooo…..say that someone is auctioning off an account, starting at $100. The buyer wants that account, makes sure he has $100+ in the bank to pay for it if he wins, and bids $100. Well the seller isn't super happy with $100, so never ends the auction. That doesn't really seem fair to the buyer…so they buyer gets mad at the seller for never selling it to him => 'bad blood'

I dunno, I figure ebay has WAY more auctioning experience, and that's how they do it.

Widget

2009-09-22 19:47:13

I suggest having a time limit of 5 to 10 days, and if someone posts an offer on the last day, extend it by 24 hours from the time of that post. That way everyone else bidding still gets a chance and you don't have to worry about underselling simply because of time constraints