Friday, October 9, 2009

eBay auctions on weekends...


I read an article "PENNIES FROM eBay: THE DETERMINANTS OF PRICE IN ONLINE AUCTIONS" by David Lucking-Reiley, Doug Bryan, and Daniel Reeves.
The article is quite old: it was written in 1999, when eBay was only 4 years old and available only in USA (I think, but I may be wrong).
What caught my eye was this chart!
It is a histogram of auction closings (doesn't matter wich kind) by day-of-the-week.
The authirs comment that "As one might expect for a consumer-oriented site like eBay, volume is heaviest on weekends."
This data contraddict my observations of what is going on today. I do not have as reliable data as they had, but the auctions I have seen are definetly less succesful on weekends!
Bidders tend to bid last minute (either they don't know the concept of proxy bidding or they refuse to use it) and on weekends they are not as much online as on weekdays from their offices!
I will try to investigate this points to get reliable data to check if I am right ;)

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