Small idea for auction site... Reverse buy auctions.

Nazo

Nazo

Academy Page

Join Date: Feb 2006

Alabama

Emissaries of Artifice (kinda just me atm)

E/W

I had a small idea for the auction site. It seems to me that it would be neat if we had a system where people could do WTB style auctions. The idea I have in mind is that the user would be able to post a reverse auction wherein they specify their maximum price (which kind of corresponds to the minimum in the seller system) and info about the item(s) they wish to buy. People would then bid the price they are willing to sell the item(s) for down to a certain minimum (which kind of coresponds to the maximum in the current system.) (I think this part kind of works like the Dutch auction style.) Yes the poster could set the maximum price too low, but, then no one will bid, so it works out. It also occured to me that a reserve style thing would still be handy because that way the poster can set the max price at something such as the ingame or usual price but still buy the easier way if the reserve isn't met (because it still always comes down to trust and usually takes a good long while to do an auction even when you can trust both people to show up and everything.)

I know many of you will immediately think that this isn't needed since sellers can just post whatever they want, but, well, I don't know about everyone else here, but I can safely say that I don't want to go through the hassle of posting an auction for every single little tiny item I have that could possibly be sold. However, if I can simply browse a WTB section to see what people are looking to buy and simply enter a bid on any items I may have. Nice and simple, and encourages me to sell items I normally wouldn't (which benefits the buyer obviously.) Not to mention that buyers get a good price due to the nature.

Inde

Site Contributor

Join Date: Dec 2004

Nazo,

Yep, all ready in the works

Nazo

Nazo

Academy Page

Join Date: Feb 2006

Alabama

Emissaries of Artifice (kinda just me atm)

E/W

Darn, so I get no credit for my good idea then. d-: Impressive though that you're all thinking ahead like that.

Feminist Terrorist

Feminist Terrorist

Desert Nomad

Join Date: Nov 2005

Oh Noes! The 'burbs!

I love that idea.

Savio

Savio

Teenager with attitude

Join Date: Jul 2005

Fifteen Over Fifty [Rare]

Quote:
Originally Posted by Nazo
Darn, so I get no credit for my good idea then. d-: Impressive though that you're all thinking ahead like that. Inde is psychic. So technically it's your idea, just Inde had it before you thought of it.