Posted by cmcafeeky on 10/9/2013 8:37:00 PM (view original):
I think as long as the system has a time stamp of 9:59:59 its good - anything with 10:00 is after the bell-
the extensions and such would be good at an estate auction - or if there was skype deal or everyone was present...
but its opening a whole can of worms and then there would need to be rules on the extension-
If you want a guy - you better bid-
you screw around - someone putting out more money will get him-
I'm an old ebay veteran - and it DOES pi$$ me off to have someone swoop in at the last second....
come on tarheel - jump on in - the waters fine....
cmc - auction is very interesting, but a question:
have you been able to confirm about the timestamp? And if not, would you use what we assume to be chronological order if a post doesn't indicate seconds? example:
jcred5 bids $86 on Michael Jordan at 9:59 EST
tarheel bids $86 on Michael Jordan at 9:59 EST
tarheel's bid is listed "last" by WIS in the forum. So who gets Jordan?
Just my two cents, but I would expect a LOT of last minute bids. This is a strange way to auction bid due to the WIS limitations, but typically in live auctions a lot of bids are last second.