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Sales, Swaps, Auction & Approvals/Auction Disc. : Observation regarding length of auction offerings

 

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BobbyBarnhart
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They who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety. -Benjamin Franklin

28 Apr 2015
11:29:23am
I have been keeping tabs on my auctions recently and have found that the bids I get are almost always on the first day and last day the auctions are offered. Further, as a buyer, I very seldom explore categories, but rather check the new offerings and the closing in 24hrs offerings very frequently. Makes a 2-3 day auction seem a very attractive option for those of us who want quick sales. Any thoughts?
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parkinlot
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Immediate Past President - West Essex Philatelic Society www.wepsonline.org

28 Apr 2015
12:04:06pm
re: Observation regarding length of auction offerings

Bobby - I agree. I stopped doing 7 & 14 day auctions quite a while ago.

Bob

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"APS - AFDCS - GBCC - USSS - SCC - IPDA"

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adam31415926
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28 Apr 2015
02:03:24pm
re: Observation regarding length of auction offerings

Bobby,

I agree with your suggestion too!

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www.ebid.net/us/stores/Adam-%CF%80-Stamps
michael78651
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Moderator, MT Member

28 Apr 2015
02:26:54pm
re: Observation regarding length of auction offerings

That is normal for online auctions. However, the longer an auction listing remains posted, the more people that get a chance to see it. Ebay, for example, beginning in May is promoting sellers to now list their auctions for 10 days. Ebay has removed the fee surcharge for 10 day auctions. It has all to do with exposure. The more that see it, the more potential bids, and the higher the selling price could be.

For SOR, this is not as much an issue as most auction listings receive from 0 to 1 bid. However, keep track of your 3 day listings to see if the number of listings getting sold without the need to relist goes down. The potential number of buyers here is very small, and many probably do not visit this site more than a couple of times a week. A three day auction will miss many of these people, thus diminishing the number who will see the listing even more.

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BobbyBarnhart
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They who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety. -Benjamin Franklin

28 Apr 2015
03:11:10pm
re: Observation regarding length of auction offerings

Good points, Michael. For those sellers who list many lots and do so often, it probably makes sense. However, for those of us who list infrequently, and only do so to get rid of dups and raise quick cash for stamps we want to purchase, the short auction is very attractive.

Then, of course, there is the fact that there are no listing fees, which makes relisting just a matter of a little extra time. I figure I can get much better exposure by listing an item 3 times (3 days each). The only problem is the required 20% reduction when using the relisting feature. However, I figure it only takes a minute or so to list an item from scratch, so this really does not present a problem for those of us who are small volume sellers.


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fredcdobbs
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APS # 224327

28 Apr 2015
11:08:54pm
re: Observation regarding length of auction offerings

" Further, as a buyer, I very seldom explore categories, but rather check the new offerings and the closing in 24hrs offerings very frequently."



This is my modus operandi as well

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cdj1122
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..

19 May 2015
03:39:26pm
re: Observation regarding length of auction offerings

Short turnarounds can be too short. Keep in mind that not everyone checks the new items and about to expire every day or even every other day.As a world wide collector it takes time to check a listing against what I already have. Five days to a week should be the minimum. I know that there have been items I have put on the watch list pending checking against n of he albums only to find that by the time I get that done the stamp is gone, possibly bought, possibly re-listed somewhere.
At the same time I will Admit that when I win a lot I like to get the stamp in hand so I do not bid of a similar item. (AGAIN)

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Author/Postings

They who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety. -Benjamin Franklin
28 Apr 2015
11:29:23am

I have been keeping tabs on my auctions recently and have found that the bids I get are almost always on the first day and last day the auctions are offered. Further, as a buyer, I very seldom explore categories, but rather check the new offerings and the closing in 24hrs offerings very frequently. Makes a 2-3 day auction seem a very attractive option for those of us who want quick sales. Any thoughts?

Like
Login to Like
this post

"The only thing necessary for the triumph of evil is for good men to do nothing. -Edmund Burke"

www.bobbybarnhart.ne ...

Immediate Past President - West Essex Philatelic Society www.wepsonline.org
28 Apr 2015
12:04:06pm

re: Observation regarding length of auction offerings

Bobby - I agree. I stopped doing 7 & 14 day auctions quite a while ago.

Bob

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this post

"APS - AFDCS - GBCC - USSS - SCC - IPDA"

https://www.hipstamp ...
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adam31415926

28 Apr 2015
02:03:24pm

re: Observation regarding length of auction offerings

Bobby,

I agree with your suggestion too!

Like
Login to Like
this post

www.ebid.net/us/stor ...
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michael78651

Moderator, MT Member
28 Apr 2015
02:26:54pm

re: Observation regarding length of auction offerings

That is normal for online auctions. However, the longer an auction listing remains posted, the more people that get a chance to see it. Ebay, for example, beginning in May is promoting sellers to now list their auctions for 10 days. Ebay has removed the fee surcharge for 10 day auctions. It has all to do with exposure. The more that see it, the more potential bids, and the higher the selling price could be.

For SOR, this is not as much an issue as most auction listings receive from 0 to 1 bid. However, keep track of your 3 day listings to see if the number of listings getting sold without the need to relist goes down. The potential number of buyers here is very small, and many probably do not visit this site more than a couple of times a week. A three day auction will miss many of these people, thus diminishing the number who will see the listing even more.

Like 
4 Members
like this post.
Login to Like.

"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/sto ...

They who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety. -Benjamin Franklin
28 Apr 2015
03:11:10pm

re: Observation regarding length of auction offerings

Good points, Michael. For those sellers who list many lots and do so often, it probably makes sense. However, for those of us who list infrequently, and only do so to get rid of dups and raise quick cash for stamps we want to purchase, the short auction is very attractive.

Then, of course, there is the fact that there are no listing fees, which makes relisting just a matter of a little extra time. I figure I can get much better exposure by listing an item 3 times (3 days each). The only problem is the required 20% reduction when using the relisting feature. However, I figure it only takes a minute or so to list an item from scratch, so this really does not present a problem for those of us who are small volume sellers.


Like
Login to Like
this post

"The only thing necessary for the triumph of evil is for good men to do nothing. -Edmund Burke"

www.bobbybarnhart.ne ...
Members Picture
fredcdobbs

APS # 224327
28 Apr 2015
11:08:54pm

re: Observation regarding length of auction offerings

" Further, as a buyer, I very seldom explore categories, but rather check the new offerings and the closing in 24hrs offerings very frequently."



This is my modus operandi as well

Like 
1 Member
likes this post.
Login to Like.

Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
19 May 2015
03:39:26pm

re: Observation regarding length of auction offerings

Short turnarounds can be too short. Keep in mind that not everyone checks the new items and about to expire every day or even every other day.As a world wide collector it takes time to check a listing against what I already have. Five days to a week should be the minimum. I know that there have been items I have put on the watch list pending checking against n of he albums only to find that by the time I get that done the stamp is gone, possibly bought, possibly re-listed somewhere.
At the same time I will Admit that when I win a lot I like to get the stamp in hand so I do not bid of a similar item. (AGAIN)

Like 
1 Member
likes this post.
Login to Like.

".... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "
        

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