Put a limit on auction end dates

[Clyde]

Honestly I've seen people auction things such as accounts and they put a ending of like "Until I feel like the price is right" or "4 years from now". There should also be a rule against raising a bin too constantly even after someone is willing to bin as I have seen someone say "Bin {Amount}" which is like $100 for ex then the seller raises the price by like $30 and changes the bin just to rip more money off of people.

Also, back to the "Until I feel like the price is right", honestly that is a bs message as how do we know what "Price is right"? How do we not know you're gonna try to overcharge the real value of the item/account instead of the real value. As some people may still not understand let me give an example:

Selling Name: Bob
Starting Bid: $10
Bin: Until I feel like the price is right
{Lets pretend Bob's true name value is $20}

someone says "Bin for $50!"
OP "Price is too low, still auctioning!"
and then some other guy goes like "Bin for $10000"
and then OP once more "Price is still too low, still auctioning!"

like honestly that gets annoying and there should be a limit to how long an auction can last and ban the use of "Until I feel like the price is right".

Yes, I do understand there are lowballers but come on guys.

 

[lAkjtzAZ0]

Another thread was already made, this is pointless. The only issue is how long it can go on. The "until I like the price" is perfectly fine. That obviously means 1) less than the BIN and 2) before the end date, so what's the issue?

 

[Clyde]

Another thread was already made, this is pointless. The only issue is how long it can go on. The "until I like the price" is perfectly fine. That obviously means 1) less than the BIN and 2) before the end date, so what's the issue?

Ah my mistake when I did the search thingy that bebos said to do to search for similar threads i saw nothing so I assumed I was clear. Anyways, I don't think it's still right as a "price I agree on" can be 2x the original value of the item. While yes, it is business and all I still don't think it's right as we don't know what their "Price I'm comfortable with" is. Along with the years, why wait like 20 years for something that'll have no value anymore (Assumig mc dead). That'll just make the entire thing pointless and no profit for the seller.

Also Doge if you wanna lock this as I didn't see a similar thread sorry.

 

[lAkjtzAZ0]

Ah my mistake when I did the search thingy that bebos said to do to search for similar threads i saw nothing so I assumed I was clear. Anyways, I don't think it's still right as a "price I agree on" can be 2x the original value of the item. While yes, it is business and all I still don't think it's right as we don't know what their "Price I'm comfortable with" is. Along with the years, why wait like 20 years for something that'll have no value anymore (Assumig mc dead). That'll just make the entire thing pointless and no profit for the seller.

Also Doge if you wanna lock this as I didn't see a similar thread sorry.

I agree somewhat. In the other thread they talked about a 6 month max limit, even that's too long though IMO.

 

[Skionz]

Another thread was already made, this is pointless. The only issue is how long it can go on. The "until I like the price" is perfectly fine. That obviously means 1) less than the BIN and 2) before the end date, so what's the issue?

The issue is that it isn't a real auction. Why wouldn't you just ask for offers instead of creating a fake auction?

 

[Ivain]

I'll make the same argument as I did in the last one. What is a reasonable max date? For a $5 item, 1 month is already on the long side.
For a $2000+ value server, 6 months is reasonable.

 

[Ivain]

It was a maximum. For a $5 item they can set it to one week.

yeah, but if you set a 6 month max, it's FAAAR too long for a $5 item.

 

[Ivain]

But if a section has items of significantly different value, still a problem. The idea isn't bad, it's the how of implementing it that's the hurdle to be leaped.

 

[Mick]

yeah, but if you set a 6 month max, it's FAAAR too long for a $5 item.

I think that with something like this it should be done on a case-by-case situation. If people wish to get offers on their product then they can simply say that, otherwise they aren't setting up a proper auction.

If we are going to do something about this then people can set a reserve price where they don't have to sell if it doesn't reach this number.

Opinions on this?

 

[Ivain]

I think that with something like this it should be done on a case-by-case situation. If people wish to get offers on their product then they can simply say that, otherwise they aren't setting up a proper auction.

If we are going to do something about this then people can set a reserve price where they don't have to sell if it doesn't reach this number.

Opinions on this?

oh, I agree about a case-by-case. It should maybe have a guideline per $100 or so. So if you're selling something worth $100 or less it's 1 month after first bid max, and per $100 an extra month? idk.

 

[Mick]

oh, I agree about a case-by-case. It should maybe have a guideline per $100 or so. So if you're selling something worth $100 or less it's 1 month after first bid max, and per $100 an extra month? idk.

Maybe a guideline like:

If the item is being sold for less than $100 the end date mustn't be longer than 1 month
If the item is being sold for less than $500 the end date mustn't be longer than 3 months
If the item is being sold for less than $1000 the end date mustn't be longer than 6 months
If the item is being sold for more than $1000 the end date mustn't be longer than 1 year

Something like this? i can't think of a situation where it'd need to be longer.

 

[Ivain]

Agreed. Though it will mean we'll see far less auctions on the site.

 

[Mick]

Agreed. Though it will mean we'll see far less auctions on the site.

And with that we'd see more people seeking offers.

"I'd like to sell the account 'Mick' for around $500, but I'm accepting offers below that!"

Which I think is more than reasonable.

 

[Clyde]

Holy crap, this suggestion is still going off? Anyways, I agree with what Mick said O the guidelines. I find it unfair that people put end dates that are retarded to the max where Minecraft may not even exist by then, yet you have people bidding their money hoping to get whatever they're bidding for. If it were like a $5000 then sure I understand like a couple of months to a year depending on the situation but for like 100-500 I say 2-4 months max.

 

[Mick]

This has already been implemented, it has been stated in the rules now that:

" 5.5 Do not start an auction-style thread without specifying a reasonable auction end date."

Reasonable, of course, being the key word there. This makes it pretty much up to staff discretion whether we consider an end date to be 'reasonable' or not and I think that is fine rather than complicating things with useless subclauses and explanations for it.

Accepted, thanks for the suggestion.