UO Second Age

So, let's say you are selling what you consider to be a very expensive item. You put this overpriced item on the forums for people to bid on with a buyout of 3 castle deeds.

How long should you try to sell an item at the current price when no one is bidding?

Personally, I think you should stop bumping after a week.

I think that if one wants their price to be met, and has the patience and personal reserve to resist the temptation of the quick buck, he/she should hold out for as long as it takes. Its all on the seller and their patience, how much the item is really worth to them, and how quickly they want/need the money.

When you ask a minumum bid and set a sellout you should stick with a timeline right at the get go. Any longer you should have just set the price and made it a sale rather then an auction.

Mentality states however in an auction your sale would be bumped until it reaches what the seller had in mind to want to sell it for.

archaicsubrosa77 wrote:When you ask a minumum bid and set a sellout you should stick with a timeline right at the get go. Any longer you should have just set the price and made it a sale rather then an auction.

I agree with the first statement. Being an "auction" type of sale, there would normally be a timeline set when the item goes up for bid. But sometimes the seller would like to leave it up for sale for quite a while specifically trying to get the most out of it. In this case, there should be a timeline set that starts ticking down once the sellers minimum bid is met. This way, the highest bidder doesn't get too impatient and back out of the deal. Also make sure and specify ALL the details so intentions are absolutely clear.