When trying to decide the right time to join an auction, it’s important to understand how long that particular auction usually lasts, and what it typically sells for. Without having a decent idea of potential ending prices, a bidder might join an auction too soon and end up placing enough bids to go ahead and just use the Buy Now option before the auction even ends. On the other hand, if a bidder waits too long the auction could end before they even get a chance to place a bid.
Today we have added a new feature to the site that could help you better understand how auctions typically end on QuiBids. Previously, the “Recently Sold For” text on auction pages only listed one recently sold auction’s ending price, and you could click on that price to visit that auction. Now we will show two recently ended auction prices that are randomized from the previous ten days of auction sales. Additionally, there will be a third slot of “…” which when clicked will take you to a search view of ended auctions for that particular product. We hope you will use this new feature to develop more effective bidding strategies which will provide more chances at scoring some great wins.
Learn more about QuiBids Below.