Re:How eBay can save itself in 1 day
by ghshephard on Monday August 31, 2009 @09:28PM
(#797083)
"but it doesn't approximate real world "bidding"."
At the last few auctions I've been at (Mostly Used Computer Equipment) - the people who purchased real volume showed up with a Item List and Price, and just kept holding up their paddle until their price was hit, and then they pulled it down. They didn't really care that someone managed to purchase that Dell Latitude 610 for $110 instead of their last bid of $105. They were done at $105.
So, in some cases, eBay actually does precisely mirror real world bidding.
At the last few auctions I've been at (Mostly Used Computer Equipment) - the people who purchased real volume showed up with a Item List and Price, and just kept holding up their paddle until their price was hit, and then they pulled it down. They didn't really care that someone managed to purchase that Dell Latitude 610 for $110 instead of their last bid of $105. They were done at $105.
So, in some cases, eBay actually does precisely mirror real world bidding.