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Flip UK Auction boomerang

Someone is playing with our patience...

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Heh this is why extending auctions is never a good thing. This could go on for hours. I would have thought at least if auctions are being extended they would only be extended with a new higher bid.
 
This could go on for hours. I would have thought at least if auctions are being extended they would only be extended with a new higher bid.

I think it's reasonable to extend on higher bids (as currently happening), but 5 minutes is too long. There should probably be a penalty for late bids (maybe higher bid increments closer to the end time).
 
But the high bidder has had the high bid since 14:58. Each new bid isn't changing the high bidder. It would make sense to extend if that happens but as it stands this bidder could have a high bid that's several hours away from now and might still not win. I am not involved btw just an observation. Surely it would make more sense, if the auction site wants to extend, to extend only a few seconds to give the new bidder a chance to bid again until they hit their maximum bid or win. That means the auction would most likely end the same way it's going to anyway - just a lot quicker.
 
Judging by the bids they put their bid in at 14:58:16 and every bid since then they have automatically outbid. However if bidder 7 has a maximum, say of 5k, then they could extend the auction for a long time - whereas if they placed a bid, were told they were automatically outbid, had eg 30 seconds to increase that bid, they could keep doing that until they hit their 5k and lost or got the winning bid which would *then* extend the auction 5 minutes.
 
Well that would be ideal but in my experience some people like to leave it to the very last minute and not use maximums :p I don't actually even see the point of the way this bidding is going - all the other bidder is doing is increasing the chance that someone else will join and bid past them. Maybe when this auction is done they could explain their reasoning. It would be interesting to see the logic.
 
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