Re: Bidding & Snipers
>just experiencing "sour
> Any one who thinks the custom of last second bidding is unfair is
> grapes" in my opinion.Keith has absolutely hit the nail squarely on the head vis a vis this
subject. Sniping is the only way to win a desireable item on eBay and
whether you use a program or bid in person there are other things to
consider in placing a bid. I long ago bookmarked the link (it may no
longer exist in eBay's updated version) to all buyer's individual
completed auctions. About 15 minutes before an auction ends, I look at
the high bidder's past wins and see what he/she is willing to pay for a
similar item so I have an idea of what their proxy* is. Then, when I
snipe, if I am willing to spend a similar amount, I go even higher with
my bid, which I place no more than 5 seconds before the auction closes.
*a proxy is the high bid place by a bidder to cover future increased
bids by potential other bidders, to the max which the first bidder is
willing to pay, which does not show.
I almost never lose an item. Bidding is a science, just like playing
poker, and it is foolish to place bids early on. You will be outbid,
unquestionably and only drive the ending price upward.
Like Keith, I find the bidding strategy exciting....one naif wrote on
an eBay board some years ago, "Bidding is so unfair! I think all the
auctions should be extended 10 minutes so we can all get our bids in!"
Obviously someone who does not "get it"!