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Comment on How eBay can save itself in 1 day

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New Zealand's eBay clone - trademe.co.nz - has auto-extend for auctions where a bid was just received.. The auto-extend is only 5 minutes though.

This doesn't eliminate last minute bidders though - rather it just extends the period of the 'last minute bidding war' till someone gives up.

So. Its good idea, but you don't want a 3 hour auto-extend - 3 minutes would be better. 3 hours, as suggested, would probably mean many auctions would not end for weeks and weeks and would likely frustrate the heck out of bidders and sellers alike.

Shit. Thats cool. Ok, five minutes is more than fine.

The Australian clone (GraysOnline) adds 15 minutes and emails you if you're outbid at the last moment.

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