eBay Extended Bidding...Will Card Buying Ever Be The Same? Matt Off The Rails Again
Jake and Matt discuss eBay's new extended bidding feature, which resets auction timers when bids are placed near the end, similar to traditional auction houses. They explore how this change could affect card collecting, potentially increasing prices and making snipe bidding less effective, while also discussing alternative auction houses and tools like Auction Wire.
Summary
The episode opens with casual banter about beards and Reindeer Studios t-shirts before pivoting to the main topic: eBay's introduction of extended bidding. Jake explains that extended bidding works like traditional auctions—when someone bids within the final minutes (5-10 minutes, exact timing unclear), the auction timer resets rather than ending at a fixed time. This feature has already been rolled out in Australia and other regions and is beginning to appear in North America. Jake credits Boston Card Hunter for first alerting the community to this change via Twitter.
The hosts discuss the implications of extended bidding. Jake believes prices will increase because sellers can extract more value from bidding wars, and eBay gets a larger cut. Matt expresses skepticism about whether extended bidding helps prevent shill bidding, though Jake argues it might actually deter shill bidders by creating risk of accidentally winning through multiple bids. The feature also keeps users engaged on the platform longer.
Matt reveals he doesn't use snipe bidding software and instead manually bids with 2-3 seconds left in auctions. Jake suggests this is inefficient compared to automated snipe bidding, but Matt prefers the manual approach. Jake then transitions to discussing alternative auction houses like Heritage Auctions, Love of the Game, REA, and Sterling Auction as better venues for serious collectors. He also recommends Auction Wire, a service that aggregates auctions across multiple houses and allows users to set up saved searches for specific cards. An iOS app is launching soon. Matt admits he relies on Jake to inform him about upcoming auctions rather than researching them himself, which Jake gently teases him about. The episode ends with them promoting the Philly card show and asking listeners for topic suggestions since, as Jake admits, ideas are running thin.
Key Insights
- Jake argues that eBay's extended bidding feature is designed to increase seller and platform revenue by allowing bidding wars to extend indefinitely rather than ending at a fixed time
- Jake claims he wouldn't have won a valuable Ted Williams Frank card without snipe bidding technology, indicating extended bidding could eliminate opportunities for careful bidders to acquire high-value cards
- Jake suggests that vintage dealers at card shows benefit when shiny and modern cards are segregated from vintage stock, as it reduces shopping options for buyers and maintains higher pricing for vintage inventory
- Matt manually bids in the final 2-3 seconds of auctions rather than using automated snipe bidding software, preferring direct control despite Jake's suggestion this approach is inefficient
- Jake recommends Auction Wire as a comprehensive tool that aggregates listings across multiple auction houses with saved search capabilities, with an upcoming iOS app to improve accessibility
Topics
Transcript
[0:00] Man from Proidence telling it straight. J brings the wisdom. He knows what's great. This is his the hit list. Welcome to the hit list on Sports Card Clubhouse extra innings. I kind of did [0:31] that in the wrong order, but that's okay. While Matt is throwing things around his room. >> That is Matt. >> Your room. My room. Yeah. >> Your basement. >> 12 years old. My room. >> Your man layer. >> The man cave. Uh >> that's Matt from Providence. >> J O O'Donnell. Don't forget the T. >> Don't forget the T. Um, you were just we were just literally talking and you uh you you've got your uh first group of of…
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