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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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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.

Buyer: 5thcommjarhead(68-0-0) Post#11 - Posted: 08/19/2010 at 14:01:03
5thcommjarhead

It's very simple, brain.  AA provides the information, then goes silent.  We take the information and after that it starts getting deep.

Former Seller: Petesguns(1380-1-3) Post#12 - Posted: 08/19/2010 at 14:31:45
Petesguns

Schuylerboy, yeah, go to GB where they have a FIFTEEN minute rule. Makes sense to me.....bigger is better right?????

Former Seller: Petesguns(1380-1-3) Post#13 - Posted: 08/19/2010 at 14:34:52
Petesguns

brain, AA has made THEIR decision on how they want to run THEIR site with THEIR policies. Even though we might like to THINK it is, this site ain't no Democracy. It is what it is, and we go along and stay, or hate it and go somewhere else.

It is AMAZING how many buyers are saying they are going to go to GB now, and they don't even KNOW that GB has a 15 minute rule on ALL of their auctions.

Buyer: brainaxe(18-0-0) Post#14 - Posted: 08/19/2010 at 16:58:15
brainaxe

Petes- But when AA and GB or GA all have the 10-15 min rule, the most important thing becomes "amount of auctions".

With all being equal, buyers will go to the biggest selection. IMHO

I know the sevice is better here, but newer buyers won't know that. Even seasoned buyers won't know that, unless they have dealt with AA in the past.

Very few people read this forum. And would not have a clue about what most AA members believe about the service here.

AA has simply stepped into the shadow of the bigger sites. Obscuring any differences there were between them. And AA may fade because of that choice.

Former Seller: Petesguns(1380-1-3) Post#15 - Posted: 08/19/2010 at 18:18:37
Petesguns

brain, can't disagree with any of your points. Well stated as well. The key to everything about this site, as far as I am concerned, is advertising. GB is bigger and has FAR better advertising out of all proportion to size differences. We get people ask us all the time to sell stuff for them on the net. When I tell them we will sell it on AA, they, 98% of the time, have never heard of this place. It seems to be a well kept secret. While I don't believe that the 10 minute rule will address any of this unless AA wants it to, I do believe it will increase per-auction returns by a bit. Bargains will be less, but listening to some posters here, there are none to be found anyways. The best thing that could happen to ANY of us here, buyers and sellers, is if AA becomes more well known. GB has the market visibility nailed. I do know that some sellers here asked AA to address the 10 minute rule as they saw that sales were suffering in comparison to AA's direct competition, GB. The one thing that AA, or any site, cannot do is keep everyone happy. Buyers want that screaming deal to snipe at below value and sellers want the item they sell to realize maximum price as in a real live auction. Methinks AA has decided that the sellers are the ones to keep happy as their, (AA's), income comes from the seller, albeit as a result of what the buyer pays the seller. It was a catch-22 decision either way, kinda between a rock and a hard place. And ONE thing can be certain, ain't no WAY everyone will be happy. Even if Utopia COULD be achieved, there sure would be some skinflinted greedy SOB that would find SOMETHING to carp about. Take care!

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