Question about Great Collections auctions

ms71 · August 9, 2021 8:38AM

Does a Great Collections auction end at the time shown on the listing, or does it get extended ad infinitum until 15 minutes (or some such amount of time) after the last bid is made?

DollarAfterDollar · August 9, 2021 8:40AM

They end when the published time arrives. Not extended because a new bid comes in.

ms71 · August 9, 2021 9:37AM

Thanks, exactly what I needed to know.

TwoKopeiki · August 9, 2021 9:40AM

Yes, sniping works

winesteven · August 9, 2021 8:54PM

@DollarAfterDollar said:
They end when the published time arrives. Not extended because a new bid comes in.

This is great for the final high bidder, not so good for the consignor.

winesteven · August 9, 2021 9:00PM

@TwoKopeiki said:
Yes, sniping works

As far as I know, only the old-fashioned “manual” sniping by the bidder himself/herself actually placing the bid in the last few seconds. I’m not aware of any “computer assisted” sniping programs that work with GC, like they do with eBay.

With eBay, I can place my max bid in a sniping program days ahead of time, and then days later as the auction clock is winding down, I can either be relaxing having dinner at a fine restaurant, or be fast asleep in bed, and still end up with the final high bid!

Steve

ricko · August 10, 2021 6:26AM

I always had fun with the manual snipe when I used to frequent ebay. Really enjoyed counting down with two screens, and placing my nuclear bid with four seconds to go.....Only lost one, and that was because my internet burped....Cheers, RickO

ms71 · August 10, 2021 6:34AM

@ricko said:
I always had fun with the manual snipe when I used to frequent ebay. Really enjoyed counting down with two screens, and placing my nuclear bid with four seconds to go.....Only lost one, and that was because my internet burped....Cheers, RickO

Four seconds was exactly the time remaining I always used for my manual snipes on eBay. I was successful probably ~80%-90% of the time. I missed on a couple, one of which I really wanted (not a coin), due to a burp in my system or theirs. Never have used an online snipe program.

Walkerfan · August 10, 2021 11:53AM

I don't trust computers, so when there's sniping to be done; I do it manually.

Yes, GC and eBay work the same way, except for the sniping program capability.

Zoins · August 10, 2021 12:10PM

@winesteven said:

@DollarAfterDollar said:
They end when the published time arrives. Not extended because a new bid comes in.

This is great for the final high bidder, not so good for the consignor.

It could be good for the consigner when things go to the moon!

winesteven · August 10, 2021 12:19PM

Perhaps you misunderstood my point. With the auction ending at the specified time, if one bidder places a nuclear bid at the very end, another bidder may not have the opportunity to bid VERY high. With a "never-ending" format, the bids can much more easily go higher and higher and higher with time. Very few scenarios work better for the consignor with a finite ending auction, where an open ended auction often allows the consignor to get higher bids, as people have a few minutes to change their mind emotionally and then choose to bid higher.

coinandcurrency242 · August 10, 2021 1:11PM

Do sniping programs add on a one dollar fee if you win?

winesteven · August 10, 2021 1:31PM

@coinandcurrency242 said:
Do sniping programs add on a one dollar fee if you win?

I believe some are free, but the one I'm comfortable using charges something like 1.5% of the purchase price, minimum 30 cents or so, maximum $15 or so. To me, it's well worth it! Never had ANY hiccups!

Aercus · August 10, 2021 2:41PM

Gixen mirror is like 6 bucks a year. A worthy alternative. I do probably thousands of snipes with it.

Connecticoin · August 10, 2021 6:14PM

Agree, Gixen is a tremendous value, and the $6 a year for Mirror is well worth it and enables the owner to keep the site going.

Question about Great Collections auctions

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