[X] My Assistant

That assumes that participants know their "true value" for an item at the start of an auction. They may think they do, but for many items they are willing to raise what they thought was their maximum considerably in the heat of battle against other participants. Since you make more if they spend more, it's in your interest to leave the last-minute frenzy alone, or if anything think about ways to intensify it and encourage them to spend more.

For auctions that have a fixed end time with no extends, it's another reason why sniping is a good strategy. You want to give the opponent as little time as possible to wrangle with themselves and decide that they're willing to pay more.

This post has been edited by mechafujoshi: May 1 2016, 09:44

i have finally gotten my OFC. (IMG:[invalid] style_emoticons/default/biggrin.gif)

you people are taking this game too seriously. Here more boobs!

Elise谭晓彤

(IMG:[i.imgur.com] http://i.imgur.com/MPQWhCN.jpg)

I had a bad dream that people were talking about boobs in this thread. Now then, I'm finally forging my Shining Searing Shiv of Shanking +7 to the penultimate level! It costs US$2000 and adds .0005% ADB, but it's totally worth it. I had to buy the Extended Stat Accuracy hath perk to even see the difference, but hey, if people will pay test equipment manufacturers to see the same number to a few more digits...

-snip-

I have a suggestion:

Items have 2 periods: critical period and normal period

Default critical period is the last 24 hours of the auction.

Any bids made in the last 2 hours of normal period would extend the end time of normal period by 2 hours and likewise decreases the total critical period by 2 hours.

Once an item enters the critical period, any winning bids made during critical period would incur an auction fee of either 10% of winning bid or 100k, whichever is higher, to be paid by the buyer.

Only the person with the last highest bid during the normal period is exempted from paying this fees.

Eg:

2pm is end of normal period and 2.01pm is start of critical period
TenB bids for [one12] for 100k on 1.30pm
This extends end of normal period to 4pm and delays start of critical period to 4.01pm
There is no more bids during normal period, item enters critical period
Wiki Joe bids for [one12] for 150k on 4.01pm. If he wins, he will need to pay 150k + 100k auction fees.
TenB bids for [one 12] for 200k later. If he wins, he will pay 200k and no auction fees.

Edit:

Basically this system will let people know if their shit is being contested and they can prepare for it.

This post has been edited by LOL50015: May 1 2016, 11:27

Or maybe a simpler one, only people who bid for that item before the last 24 hour can place bid for that item in the last 24 hours

This post has been edited by LOL50015: May 1 2016, 11:24

you people are taking this game too seriously. Here more boobs!

Elise谭晓彤

just the first image on my desktop, Honoka form DOAX3 clad in a bikini that only vaguely calls for paizuri (and strangely named Clam bikini)



btw, is there a translation for those kanji?

This post has been edited by Scremaz: May 1 2016, 12:06

back in topic, another solution may be to put both a starting bid and a final bid: the first who calls the final bid will immediately end the auction for that item - this is what happens with Buy Now bids on eBay. i used it a few times on my auctions, under kind suggestion of tetron.

but this supposes the seller is fine with no warbids and a maximum amount of credits coming his way.
also, let's say we have a Peerless Power with 20M as a maximum bid: while it may be easily reached via warbid, seeing it out of the blue may discourage many people

The problem with auctions is that once those with a big budget has completed their sets, the value of items will decrease.

Equipment which costs 10m+ a month ago might just get 1m this week.



Sniping was a real issue some time ago when there were no time extension. I lost more than one item back then when bids were made in the last seconds by members who just bid once on those items. That wasn't a very fair way to handle auctions.

Posting a start bid is a good option. However the seller then have to propose one which the auctioner can impose to the bidders.
Final bid can be helpful for some items, but can also be a stop for a bid war when an item is in high demand.

I have a suggestion:

Items have 2 periods: critical period and normal period

Basically this system will let people know if their shit is being contested and they can prepare for it.

It sounds like this sort of thing would have the same end effect on bid timing as extensions lasting 2 hours rather than 15 minutes - except with an occasional extra fee, kind of like the implication of this:

Since you make more if they spend more, it's in your interest to leave the last-minute frenzy alone, or if anything think about ways to intensify it and encourage them to spend more.

If I were a profit-maximizer, it's true that fixing the rules to my advantage would be in my interest, but there's not much I can justify spending on anyway (like many other high-level players), so I don't really care much. Plus, it'd be an incredibly dick move, and would be exploiting my position to compel people to pay more than they really want to. I'm not going to be an asshole if I can help it, and if I am, people better call me out on it.

back in topic, another solution may be to put both a starting bid and a final bid: the first who calls the final bid will immediately end the auction for that item - this is what happens with Buy Now bids on eBay. i used it a few times on my auctions, under kind suggestion of tetron.

I know about buyouts, they're a possibility, though given shop threads, they kind of defeat the purpose of all the auction organization. Having a buyout option can often be useful for selling goods if there is no other (easy) venue to sell through, but that's not the case here. Also, with regard to high-value items, unless the buyout is at least somewhat higher than expected going price (before auction start), it would be somewhat counter-productive. Still, it might have its place for certain items sold by those who have a strong feel on the pulse of the market.

btw, is there a translation for those kanji?

Looks like a name in simplified Chinese characters, Tán Xiǎo Tóng in Pinyin. Character by character it would be "Talk Dawn Red".

If you're not in it for profits I don't think you'll bother running it for as many weeks as the auctioneers who are.

Proxy bids with automatic increments to second highest bidder sounds a lot like ebay bidding system, and unsurprisingly that system is biased in favor of quick bidding inflation.
I.e. if somebody makes a first bid at 500k, displayed at 50k, second bidder may want to bid 200k only to immediately realise highest bid is now 250k, and will have to bid blindly just to beat 1st bid.
Blind bids are very frustrating and may encourage not to bid at true estimated value but instead at guessed "beating" value. The guessing game factor kinda trumps the limit you may have initially thought of imho.

I like the current system, to me the only real problem is the fact that we have vastly different timezones but I see no easy fix for that (IMG:[invalid] style_emoticons/default/mellow.gif)

Actually I see auctions as PvP and I expect everyone to be as ruthless as possible, including the auctioneer. Where's the fun in doing it any other way?

Looks like a name in simplified Chinese characters, Tán Xiǎo Tóng in Pinyin.

oh, this transliteration is fine enough for google to give proper results. thanks

Actually I see auctions as PvP and I expect everyone to be as ruthless as possible, including the auctioneer. Where's the fun in doing it any other way?

Exactly. Some big part of the game is here, in forum. Only whacking textly monsters efficiently is robotic.

Despite my crappy english, I give it a try (IMG:[invalid] style_emoticons/default/tongue.gif)

@Superlatanium


If you are ready to earn a little less money, maybe you can try something like this :

If a bidder holds the item for the last 24h of the auction, you give him back 2% of your 10%.
If he hold back the item for 48h, you give him back 4%.

It changes nothing for the seller and this way, you create two "mini-sniping" time before the actual end of the auction.

For items <300k (if I remember correctly, it's the threshold at which you take money), obviously, you lost a little money. But honestly, it's not that much. I bet by putting the threshold to 200k you will even earn more money.

In my head, it makes sense, I hope it is the same in english (IMG:[invalid] style_emoticons/default/biggrin.gif)

Idea looks not so bad, but as bidder i dont see much sense to make overvalued bids for getting small part back.

You have two ways to reduce sniping :
1 - you can encourage bidders to reveal themselves sooner. (cf last idea, even if I agree the effect will be limited as the margins are rather smalls)
2 - coercion. Punish the snipers by a tax or a way to discourage them.


A new suggestion coercion-style :

Replace the rules :
+50k if <500k
+10% otherwise
with :
+10% if at least a bid in the last 24h
+100% if no bid in the last 24h
+200% if no bid in the last 48h

With maybe a little something to find for low priced items.

But in this case, as the beginning of the auction become almost more important than the end, maybe the start time should be on saturday with a presentation of the auction on friday.

Or a simpler variant :
starting on saturday 14h00
+10% on saturday and sunday
+50% on monday
+100% on tuesday
+200% on wednesday
closing on wednesday 14h00

On second though, perhaps that one has as many advantages as disadvantages. I leave it anyway...

-snip-

I think this will just shift the sniping period into near the end of the favorable times.

Maybe instead of hard and fast rules we'll have something like:

"Auctioneer can arbitrarily punish any person who is deemed to have engaged or attempts to engage in sniping behavior"

Sure, this technically might mean you can be punished if you as much as look at Supertitanium funny, but I think there won't be any abuse or else no one would participate in the auctions (IMG:[invalid] style_emoticons/default/heh.gif)

"Auctioneer can arbitrarily punish any person who is deemed to have engaged or attempts to engage in sniping behavior"

Sure, this technically might mean you can be punished if you as much as look at Supertitanium funny, but I think there won't be any abuse or else no one would participate in the auctions (IMG:[invalid] style_emoticons/default/heh.gif)

This can only work if Super owns both the auction and the object being auctioned, otherwise is would create only problems in the future.
If I auction an item I don't want the auctioneer to have the power to randomly ban people because he doesn't like the way they bid (they could have easily raised the bid on my item, why would I want them banned if they have not violated any clearly stated rule?).

I only personally dislike one thing about bids, the fact that it always boils down to endless last minutes bids, while it could have raised in the previous days so that they remain only a coupe of last minute bids.
It's pretty stupid that a bid raises 10 times during the last 30 minutes.

But since no one agreed that sniping was a pain in the ass I just decided that it's much easier to start bidding in the last 30 minutes while not even checking the bids done before.