There should be a page for managing ads used in auctions. Functionality on this page should include:
-> Viewing the content of the ad (currently there is no way to view anything other than the header)
-> Archiving ads that likely will not be used for a while so that they don’t appear in the dropdown while bidding
-> Deleting ads that will not be used again
It has been mentioned that deleting ads was previously offered and turned off because people were deleting ads in current bids to abuse the auction process. The solution to this is obvious - exclude ads currently in live bids from being deleted. 99% of the time people attempting to delete such ads are making a mistake.