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Thread Admin: AuctionArmsCeo (7-0-0) (Last 10 Posts) Posted: 08/18/2010 at 09:10:20
Total Posts: 145
Thread Title: "Announcement - 10 Minute Rule"
AuctionArmsCeo

At the request of many of our users, and after consulting with our buyers and sellers over many months, we've decided make a change to how auctions are run at Auction Arms. Starting September 1st, all Auction Arms auctions will have a 10-minute rule implemented at closing time. This 10-minute rule means that if anyone bids in the last ten minutes of an auction, the auction will be extended by 10 minutes from the submission time of the bid. We feel, as do many others, that this new rule will benefit both buyers and sellers by giving everyone an opportunity to bid on an item to find it’s true market value. I realize that not everyone will be happy with this decision, but we feel it’s in the best interests of Auction Arms, and our buyer and sellers, and hope you will remain our loyal customer. Thanks for your patience.

 

Manny DelaCruz

CEO/AuctionArms.com, Inc.
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Buyer: krp57(27-0-1) Post#1 - Posted: 08/18/2010 at 09:21:33
(no avatar)

BAD MOVE!!! SORT OF A AUCTION ARMS??? Caveat Emptor!!  Krp

Buyer: Qdog002(1-0-0) Post#2 - Posted: 08/18/2010 at 09:59:10
(no avatar) 
I am disappointed at this decision. Now your site will be just like gunbroker. I 
feel allowing people to bid in a specific time frame brings the fairest value to 
the seller and buyer. Now a seller can artificially up the price with a ghost 
bidder every 10 minutes. Very disappointed!!

Buyer: Schuylerboy(21-0-0) Post#3 - Posted: 08/18/2010 at 09:59:44
(no avatar)

Is this an auction or are we now making silent bids or what. I have never heard of such ignorance in my life. If you can't run a simple auction, I might as well just shop online for anymore firearms purchases. This is just for the sellers to benefit more because of lacking gun sales. You won't see me buying here again, GUNBROKER, GUNSAMERICA, GUNSINTERNATIONAL here I come.

Former Seller: 8042(138-0-0) Post#4 - Posted: 08/18/2010 at 11:30:49
8042

Not that my voice matters but I don't like it at all!!   Yell

Seller: Hartwell Gun(1257-1-2) Post#5 - Posted: 08/18/2010 at 11:58:02
Hartwell Gun

If you are going to implement it why not make it different and novel,1st bid delays the 10mim,if another bid comes in say at under 5 min delay it 5 additional min,another bid comes in down to four min,them gradually down to one min than that's it.Would make it interesting and would NOT be a all night deal if you had two bidders acting  together,and then after a all nighter  the winner turns out to be deadbeat.

Former Seller: obi1gr(6364-39-73) Post#6 - Posted: 08/18/2010 at 13:03:53
(no avatar)

why don't you make it optional for sellers to have the 10 minute extension?  i don't want that on my auctions as it will alienate buyers...you can then put a filter in the search so you can seperate the sellers who use it from those who don't....you can also do a similar filter for buyers to see which sellers who will ship to CA and those who will not.  

Buyer: dog1995(10-0-0) Post#7 - Posted: 08/18/2010 at 16:31:25
(no avatar)

 I don't think its that bad. Now there is no reason to wate till last second to bid. Fast timeing won't help. In a rill live auction the auctionear is not going to stop as long as someone wants to bid, you know, going 1 going 2nd sold...

Buyer: Schuylerboy(21-0-0) Post#8 - Posted: 08/18/2010 at 17:44:56
(no avatar)

If everyone wanted to pay retail they would shop at Walmart. Great move guys?????

Former Seller: Hagrid(59-0-0) Post#9 - Posted: 08/19/2010 at 08:45:58
Hagrid

The cost of guns just went up and the number sold just went down maybe there is a balance point. I want to see what happens to the penny auctions after this has been in effect for awhile. Think about what the object of a penny auction was. The chance to get a decent firearm cheap, maybe even for a penny LOL. But it was fun. Now it matters not because the last minute bid it gone. I am dissapointed and agin it.    Trapper

Buyer: brainaxe(18-0-0) Post#10 - Posted: 08/19/2010 at 13:10:38
brainaxe

I don't understand when AA drops these bombs, then they don't take any part in the discussion??

The leaflets usually get dropped first; then the BOMB!  But this time nothing.

Just like during the beginning and hot middle of the GPAL fiasco. AA running silent and deep? Well, silent anyway.

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