What About Mystery Auctions?
Maybe there needs to be a review of the whole Mystery Auction concept and process. For some time, bidders just wander into these auctions and start plowing away with absurd bids. Well, that's my opinion.
I guess Luxury Link does fine from a revenue standpoint with the strange bidding patterns and ultimately, that's why they are in business.
On the other hand, if Luxury Link were to cap each individual bid at $1.00 or maybe $5.00, then I feel the web site would actually benefit. Those of us who were interested would be forced to visit on a more frequent basis, if the numbers began to escalate and we were still a player.
As it stands right now, someone or maybe two individuals just come in and starting bombing away at large increments. I don't see too many regulars bothering to do more than look at the Mystery Auctions, possibly place a token bid, then watch others bomb away.
Just an opinion and a thought.
Anyone else have an idea or an opinion on the subject?