Now that we?ve implemented automatic bid management and lowered our credit card verification threshold, the most-requested modification to Flippa is that we reduce the duration of the extension we grant to auctions when a last-minute bid is placed.
Extending auctions after last-minute bids prevents sniping, a frustrating technique that means the fastest bidder wins, not the one who is willing to spend the most. On the other end, extending an auction means that sellers are never sure when their auction will end.
Today we?re asking you: how long should that extension be? Should it even exist at all? Is 15 minutes enough? Is 4 hours too long? Cast your vote ?
Check out what some of the responses were when we sought feedback on this very issue in 2010. We expect that automated bidding will change that outcome.
Source: http://flippa.com/blog/poll-should-we-reduce-the-auction-extension/
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