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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: carbob(32-0-0) Post#121 - Posted: 03/19/2011 at 06:00:46
(no avatar)

hmmmm what did I say?

Former Seller: Kan Do Arms(70-0-0) Post#122 - Posted: 03/19/2011 at 11:55:56
(no avatar)

REALLY?

Buyer: carbob(32-0-0) Post#123 - Posted: 03/19/2011 at 15:44:10
(no avatar)

I think I said have a safe trip to Willie oh well.

Former Seller: WILLIE TA(1692-0-1) Post#124 - Posted: 03/19/2011 at 20:47:01
WILLIE TA

HELLO CARBOB

               THANKS FOR THE WISHES. AM NOW IN AA's HOME STATE AND HEADING TO FAMILY IN OR. COME MONDAY.   AIRLINE DID A GOOD JOB GETTING ME HERE WITH A NICE SMOOTH RIDE AND ZERO BUMPS. 

             ONCE I GET BACK HOME WILL LIST A FEW HERE AND IN OTHER PLACES.  GOT TO MANY TO STOP WORKING NOW.

                                                                                                          AGAIN THANKS FOR THE WISHES

Buyer: carbob(32-0-0) Post#125 - Posted: 03/19/2011 at 21:25:47
(no avatar)

Glad to hear it Willie,I hope you have a really good time, I   will get a break from the rat race soon, I will be moving to the Smokies, I was here before the rat but looks like he'd done run me out, but thats ok, only gave me motivation to leave ths rathole. LOL

 

Buyer: Maverick6402(0-0-0) Post#126 - Posted: 03/24/2011 at 15:02:37
(no avatar)

What happened to the original topic of this thread?

I use many sites looking for items I need (want), and sometimes end up paying more than what the item is worth simply because it's not available anywhere else.  Price isn't always the main factor in what I'm willing to pay.  The 10 minute rule is okay with me, although it can sure drag out an auction.  I'm sure that, just like in a physical auction, there will be some bidders that don't really want to win, but try to play the "game" so that whoever wins pays more than they should.  I've been sniped and have sniped (elsewhere).  Some items I've sold have been sniped in the last few seconds, and I was the one that made out.  It's just all part of being involved.  It's still fun.

Buyer: 5thcommjarhead(70-0-0) Post#127 - Posted: 03/24/2011 at 20:43:39
5thcommjarhead

And never more fun than when I'm in the lead in a charity auction.  Pony up, ya pikers!   Tongue out

Former Seller: rstanza2002(0-0-0) Post#128 - Posted: 04/22/2011 at 16:32:11
rstanza2002

As a seller I love the extra play! As a Buyer I think it unfair. As an Auctioneer crying for someone to please be fair, I'm finished! Put your best bid up front, if you don't Want it, Need it, It's not worth anything! The day of the $1.00 auction is over! Shipping can cost as much as what you are buying! We can cange the Rules but Smart will rule, Thanks Ron Costanza

Buyer: 5thcommjarhead(71-0-0) Post#129 - Posted: 04/23/2011 at 04:52:57
5thcommjarhead

We're a pretty adaptable bunch, Ron.  We buyers aren't crazy about it and the sellers are likely pretty happy with it.  Whatever we feel about it, it is what it is and we'll deal with it.

Buyer: brainaxe(20-0-0) Post#130 - Posted: 04/23/2011 at 12:00:30
brainaxe

"We buyers".......? Undecided

As a buyer, I think I actually prefer the 10 minRule. -- Used to like to snipe, but now I like to actually bid and GET what I bid on!

After all, if you really examine it, sniping is just a myth! - Fooling yourself into thinking your last bid was at the very last second; just means the guy you think you sniped simply didn't have a high enough max.!

If your bid IS in the very last second, and the other guy has a higher max.?, guess what? You didn't snipe anyone in either case! And you were not sniped either!

Cool

 

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