Something that may be helpful for the new auctioneers on UOR: A lot of auctions are posted that have a duration listed as "48/24", without going into much detail. I always understood this as: If there's only one bid, the auction ends 48 hours after the bid If there are multiple bids, the auction ends 24 hours after the last bid Are there any other common bid formats that are referred to in shorthand like 48/24? I'll add them to the list above. (If that's not correct for the "usual understanding" of 48/24, please let me know)
Then there is the non-conditional timing format, e.g. 24 hours after last bid it's over. And finally there is the worst of them all, the Sniper format: This auction is over at XY PM. Oh, let's not forget the Anarchy style auction: complete randomized stomach-feeling decisions when it's over. Usually when the Seller is online and available, he picks the last post and skips any rules.
I like quick sales. It's stupid to wait 2 days to buy a weapon or something. A huge or expensive home, sure, but I'm not waiting 2 days to sell a sword to make an extra 5k. When bidding slows down, I sell my items. Personal preference. I also generally don't bid on things that are 2 day auctions with more than 1 bid.
Should be "48/24". When you write "24/48", you're actually saying it'll close 24 hours after only one bid or 48 hours after the last of multiple bids. Say what you mean and mean what you say...