John Tinker wrote:
>
> On the other hand, I suppose putting in your maximum bid is the
> ultimate defense against sniping anyway, and it is aready available,
> even as things are now. When I've already put in my best bid, then I
> don't mind losing something.
I sure agree with bidding your maximum, and then who cares if someone else
wins with the caveat that your maximum bid should be made as late in the
auction as possible.
<philosophical discussion mode on>
HOWEVER, this whole discussion seems to rest on the questionable statement
that everyone bidding knows what a given item is "worth" (excluding the
obvious/trite argument that something is worth what someone is willing to
pay.) As a simple example, look at what the Jan/Feb 1975 issues of Popular
Electronics are bringing now (about $80) as opposed to a year or so ago
(about $300) when they were considered *rare*. Are the people who bought a
year ago more (or less) "right" than those that bought today?
<philosophical discussion mode off>
Received on Tue Dec 19 2000 - 23:02:02 GMT