Posted 04/09/2005 10:41 am
My own feeling is that one-day auctions are losers for sellers and a means for dodging reports of bad coins for defrauders. Except as Susan described for time-sensitive items, the advantage of online auctions such as ebay is that there is a huge potential buyer population. However, the shorter an auction, the fewer people will take notice. Unless a seller is attempting to sell and run, a one-day auction is not gonna attract a lot of bidders, so will command a lower sale price.
I suppose there is also an advantage for people who need to raise fast cash, but they'll sacrifice money for time.
I suppose there is also an advantage for people who need to raise fast cash, but they'll sacrifice money for time.
