Starting an auction site

I was a powerseller on ebay last year so I'll give it to you from a seller's perspective. I listed on other auction sites. They didn't have any traffic so my auctions didn't sell. When I look at an auction site and I have more products than the whole website has up for auction... it is a bad sign. I tried selling on AuctionWarehouse and sold one item. It wasn't worth my time to check it to see if I had any sales. It also takes a long time to convert my auctions to a new websites format which isn't worth my time because there will be little if any sales. Any site other than ebay would have to pay me to sell on it. As I said it isn't worth my time to convert the auctions to a new format if the site doesn't have the traffic. So to sum it all up, no it isn't a good idea to start an auction website, UNLESS you have a lot of money to draw people to your site. Otherwise sellers would get frustrated because it is a waste of their time checking to see if they have sales.