Hi Everyone
It has been a few days since being completed, but the previous auction was a resounding success! I have learnt a few lessons in regards to it, so the next one will be a little different once I have finalized the changes needed and I have a new template up and ready.
I have heard of concerns that there wasn't an opportunity for others to put their bids in before the auction was complete, especially if someone places a high bid. After spending some time in my pondering-orb room, I have come up with some changes that can be done:
1.) Do the auction as much as possible as long as there is interest. I had originally planned to do this bi-monthly, but honestly, I think the better method will be do it as much as possible, only taking a break when interest dries up and everyone has had a chance to participate if they wish. In other words, scheduling is going to be more fluid and going with the flow of interest rather than something more set in stone.
2.) Have a buy out price. If someone wants to have that particular auction, they can buy it out rathe than feeling priced out over the course of several days. That was mistake of mine not to have that option, so I am sorry about that, and I will be including it from now on.
Again, thank you all for all the love and support and those who participated! The next auction should be ready to start tomorrow.
Love SexualYeti
StormLordIron
I've seen various bid things here and there. I've not done one - I am not a visual artist but a writer, and I write for my own sake - but I've seen enough to have some thoughts on the process.
I think that one thing to *NOT* do is the "buy-out" price, which I've seen called "Autobuy". In certain circumstances, one particularly loaded guy can basically buy out whatever they want, denying anybody the chance to bid at all since they can't compete. AB tends to work on a first-come, first-serve basis, so depending on the situation a bid can be taken the near-second it begins. This can create a process where the previously mentioned guy murders any interest in the auction. After all, if this *one guy* always grabs it, what's the point in bothering?
Another thing I'd recommend to avoid the above situation of one guy bankrolling every single bid is to have a "cooldown" of sorts, where after one person gets an auction, they can't get another for a certain period of time. This means they still get the auction they put money towards, others can bid on the follow-ups, and prevents somebody from ultimately bankrolling anybody else out of auctions. However long this "cooldown" is is up to you.
Now I don't know how long the auction time is, so I can't give much thought there.
I wish you the best of luck with this stuff.