ARTSY Auction: Popcorn-bidding
Hi dribbblers!👋🏻
Popcorn bidding allows bidders who are outbid to rebid by automatically extending a lot’s closing time. It is usually enabled during the last minutes before a lot closes.
Overview:
Insight: Popcorn bidding is industry standard practice when bidding for art online.
Mission: To meet industry standards and notify bidders that popcorn bidding is enabled for Artsy auctions now.
Problem:
Precedents for cascading and popcorn bidding have already been established by the leading auction houses.
Returning bidders have come to expect that cascading and popcorn bidding are not applicable for Artsy auctions.
All Artsy lots have a hard stop and close at the same time.
First time bidders are not aware of the behaviour above.
*Art by Seline Burn
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