Live auctions continue until there are no more bidders, with the price being driven as high as the bidding audience allows, having reached what it is worth at that time to that audience. AA "auctions" are nothing more than a timed sale with the last bidder before the closing time emerging as the winner. The item does not reach it's actual worth to the audience as there was no way for bidding to continue until it WAS reached. The 10 minute rule will allow this, at least for 99% of the time. Buyers may not like it, but for the long term health of a site, it is required for items to sell foir what they are worth. Buyers also won't like it but also have to remember that it is not the seller that drives the price up, it is the buyer! Don't want to pay that much, DON'T BID.

Everyone is concerned that sales on the gun sites are down. Most everyone agrees that the economy is mostly the problem (along with over inflated prices). But the 10 Minute rule is not going to help anyone. It is stupid and a gimmick to fix whatever ails the firearms sales at this point and time.

Go over to the other cite and montior their sales. Even with the 15 min rule they are lagging in sales just like anyone else.

Sales are the sign of the times, bad economy, saturation of firearms due to buying sprees because of Obama, and over inflated prices buy some sellers who have no idea what the market will bear.

If AA would have just left things alone sales would correct themselves when all the other factror mentioned above get corrected.

The 10 minute rule sucks.

Bubba, I have stated before here that I had a couple of problems at GB and I had no problem solveing them either.  Brain is 100% correct if there is 10-15 minute rules on both site and the other site offers 50 items of varying prices and the compedtitor offer 10, my chance of finding the right gun at the right price increases by volume. Customer service is great but it is not the end all of a deal. To begin with problems happen but are hardly the rule. I have posted guns here and couldn't get my starting price even after relisting at a much lower start. switching sites I had 650 hits and sold the gun for 135.00 more than I espected using a BIN. The reverse has also been true and I have sold a gun here for a fair price that I couldn't give away at the other site. BUT ya have to go with the law of averages. I am looking for a used 1100 rem 12 ga. Ther are 13 here and over 200 there. If I find the one I want, I will buy here prefered. But chances are the better deal is there. These are FACTS and I am not bashing AA. I love this site and spend many an hour sitting here in the forums or running through the auctions but I fear this is a big mistake and is going to cost buyers, seller and AA in the end.     Trapper 

What it boils down to is that with the present system buyers often got a sweet deal at the expense of sellers. Sellers will be able to use the new tool to get a closer to the actual value price for their wares. Does that mean buyers are going to now get screwed? No. What it means is buyers will STILL be able to name the maximum price that they want to pay for an item. No one will MAKE you go back to an auction and keep entering a bid until no more bids appear, unless you WANT to. Buyers will STILL set the price for the item, it just may be someone other than you who bids the most and WANTS it most. It has become more fair for all involved. Are sales down everywhere? Don't know, everything I list sells, and I have listed more this year than the last two years combined, although I am now cleaning out alot of small clutter non firearm items so my auction numbers are up. Is it at the best price I can get for it? It will be closer now, and will STILL be no more than the winner wants to pay for it.

Pete's, let me ask you this question. If you are for this timed delay then why have you been selling here for the last 5 years instead of being over at the other site? Wouldn't you have made far more money over there with their current 15 delay?

Don't get me wrong, I'm glad you stayed with Auction Arms, I'm just asking.

Well, gov, good question. I have found that the service given here has, so far, outweighed the downside. I did not really care if the delay rule was put in or not, but now that it is, whatever I think ain't gonna matter anyways. Will it help my guns get closer to an actual realized value? Absolutely. Is there something wrong with wanting your wares to get more $ at their sale? No. Will auctions here now FORCE a buyer to pay more? Not if they don't WANT to pay more. I HAVE sold over on the other site, and have had some good experiences, and interestingly, FAR, FAR less deadbeats for whatever reason. But, I like the user friendly way this site is set up. I like the way photos are added, the invoicing system, the length of auction options, the Penny category, and just about everything about this site except it's size and dearth of advertising and brand recognition amongst computer savvy gun buyers. Guess that about covers it, and all of the aforementioned "stuff"  balanced out the lack of a delay at close. I find that the ease with which auctions are posted here takes less time, and time IS money. GB has their 15 minute delay, and it has made me some more $ there, but it ain't all "green" over there. Sorry for the long winded answer, but you asked! LOL! Take care.

brain, very well thought out response. I still feel that there is no forcing of bids as long as a buyer has it in his mind BEFORE he starts bidding what his maximum is. An item will STOP increasing in bids only when bids stop coming in. As long as you have entered your maximum in the Proxy system, you won't spend more than you wanted to. The buyer that wins will be the last bidder there IS, not the last one that the timer allowed. Sellers who start auctions at starting prices have picked where they want it to START, but the BUYER is the one who decides where it will END! OOPS, guess Hagrid will pick on me for posting yet ANOTHER post about this, like I care! Good post, brain......very BRAINY!

I've never used gunbroker or gunsamerica before, maybe I won't use any at all. I have several local dealers that won't rape me for another price every ten minutes. In my state it's easier to go to gun shows and buy from private people. It's a shame that greed ruined this site though. I guess there are liberals even in a firearm related site.

Schuylerboy, it is not the SELLER that is "raping" you with a new price every ten minutes. He is not raising the price.....your fellow BIDDERS are, just like at a regular live auction. The price raising STOPS when bidders stop raising the bid.