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Sales, Swaps, Auction & Approvals/Auction Disc. : Auction Length

 

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John Macco
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Astrophilatelist- Space Cover Collector

02 Sep 2014
07:58:50pm
How do other members decide how long an auction should run? What goes into the thought process? Confused

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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..

02 Sep 2014
09:43:22pm
re: Auction Length

A great query, John.
I've often wondered why some sellers seem to close so quickly that we, (Meaning me.) often do not have the time to check the stamp out while others will let the item in bidding limbo for as much as two weeks.
I rather like to run though the offerings, moving items of interest to the watch list, and then when I have the time, to look through my album for that country and that stamp.
Any item on the board for less than three or four days gets lost before I get to checking my album, my stock books and sometimes to see if it is in one of the envelopes of that nation's stamps received but not yet processed.
So, I too would like to understand certain seller's thinking.
I am sure there are several reasons I do not know about

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philatelia
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APS #156650

03 Sep 2014
06:51:46pm

Approvals
re: Auction Length

Great question!

I'm experimenting with different times right now. I'm leaning towards 7 day auctions as the best length. That gives everyone a chance to see them on their "stamp day" but not so long as to make the wait to close seem like it is taking forever. I did list some penny lots at two weeks just to see what would happen, but now I wish I had made those only 7 days, too. I like to "clear the decks" of the old sales and tidy up the invoices before I list new a new batch, and now I'm stuck waiting a whole fortnight to wrap it up. Yawn

I'd love to hear more opinions - what do you prefer? Days? Weeks?


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"Some women splurge on designer shoes, I’d rather buy classic covers. ;-)"
Patches

Liz

03 Sep 2014
07:31:31pm

Auctions - Approvals
re: Auction Length

I tend to list my auctions for 5 or 7 or 10 days depending on what I have on my personal agenda for that week. I think it's nice to run the listings over a weekend or two to close on a Monday, but it doesn't always work out that way for me.

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michael78651
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Moderator, MT Member

04 Sep 2014
03:37:23am
re: Auction Length

"I'm experimenting with different times right now. I'm leaning towards 7 day auctions as the best length.
"


I prefer to do buy-it-now, but when I do list an auction I have pretty much the same experiences and do only 7 days. Anything shorter and people can miss the listing, any longer, and it just seems to sit there as gets forgotten.

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Larryd
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04 Sep 2014
01:59:47pm
re: Auction Length

I don't use the auction as a seller too often since the advent of Stamporama "approvals" since most of what I have to offer fits well into the latter category. However, when I do offer something in the auction I like to give it at least a week's availability, and I like to have the closing day be Sunday. This is merely because Monday is the best day for me to invoice and prepare lots for mailing.
LarryD

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CapeStampMan
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Mike

04 Sep 2014
11:06:27pm
re: Auction Length

Seven days seems about right for me, also. Like Charlie said, I think a lot of people miss out on the 5 day lots, unless they do run through a weekend. I've also tried 10 and 14 day auctions, but those get to'o boring, and don't seem to produce anymore results.
Mike

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Author/Postings
Members Picture
John Macco

Astrophilatelist- Space Cover Collector
02 Sep 2014
07:58:50pm

How do other members decide how long an auction should run? What goes into the thought process? Confused

Like
Login to Like
this post

Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
02 Sep 2014
09:43:22pm

re: Auction Length

A great query, John.
I've often wondered why some sellers seem to close so quickly that we, (Meaning me.) often do not have the time to check the stamp out while others will let the item in bidding limbo for as much as two weeks.
I rather like to run though the offerings, moving items of interest to the watch list, and then when I have the time, to look through my album for that country and that stamp.
Any item on the board for less than three or four days gets lost before I get to checking my album, my stock books and sometimes to see if it is in one of the envelopes of that nation's stamps received but not yet processed.
So, I too would like to understand certain seller's thinking.
I am sure there are several reasons I do not know about

Like
Login to Like
this post

".... 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. .... "
Members Picture
philatelia

APS #156650
03 Sep 2014
06:51:46pm

Approvals

re: Auction Length

Great question!

I'm experimenting with different times right now. I'm leaning towards 7 day auctions as the best length. That gives everyone a chance to see them on their "stamp day" but not so long as to make the wait to close seem like it is taking forever. I did list some penny lots at two weeks just to see what would happen, but now I wish I had made those only 7 days, too. I like to "clear the decks" of the old sales and tidy up the invoices before I list new a new batch, and now I'm stuck waiting a whole fortnight to wrap it up. Yawn

I'd love to hear more opinions - what do you prefer? Days? Weeks?


Like
Login to Like
this post

"Some women splurge on designer shoes, I’d rather buy classic covers. ;-)"
Patches

Liz

03 Sep 2014
07:31:31pm

Auctions - Approvals

re: Auction Length

I tend to list my auctions for 5 or 7 or 10 days depending on what I have on my personal agenda for that week. I think it's nice to run the listings over a weekend or two to close on a Monday, but it doesn't always work out that way for me.

Like
Login to Like
this post
Members Picture
michael78651

Moderator, MT Member
04 Sep 2014
03:37:23am

re: Auction Length

"I'm experimenting with different times right now. I'm leaning towards 7 day auctions as the best length.
"


I prefer to do buy-it-now, but when I do list an auction I have pretty much the same experiences and do only 7 days. Anything shorter and people can miss the listing, any longer, and it just seems to sit there as gets forgotten.

Like
Login to Like
this post

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

www.hipstamp.com/sto ...
Members Picture
Larryd

04 Sep 2014
01:59:47pm

re: Auction Length

I don't use the auction as a seller too often since the advent of Stamporama "approvals" since most of what I have to offer fits well into the latter category. However, when I do offer something in the auction I like to give it at least a week's availability, and I like to have the closing day be Sunday. This is merely because Monday is the best day for me to invoice and prepare lots for mailing.
LarryD

Like
Login to Like
this post

LPD4.blogspot.com
Members Picture
CapeStampMan

Mike
04 Sep 2014
11:06:27pm

re: Auction Length

Seven days seems about right for me, also. Like Charlie said, I think a lot of people miss out on the 5 day lots, unless they do run through a weekend. I've also tried 10 and 14 day auctions, but those get to'o boring, and don't seem to produce anymore results.
Mike

Like
Login to Like
this post

"It's been three years now, since I joined a support group for procrastinators. We haven't met yet..."
        

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