eBay sniping

From: Mike <ipscone_at_msdsite.com>
Date: Thu Apr 24 10:14:01 2003

> > a much preferred model for me. It is where the sale is extended by a
> minute or two
> > when each bid comes in at the end of the auction.
>

This hurts the seller and should make no difference to the bidder.

NO ONE should ever bid more than they are willing to pay. But with
sniping, people often bid a little higher just to protect their bid. If
there is an extention bids will still not rise higher than anyone is
willing to bid.

I have seen auctions go for $400 on items that normally wouldn't sell for
$300. One bidder contacted me because two people bid that $400 and he
said, "I guess I got stuck. I was just trying to protect my bid." He
paid the auction but clearly bid more than he ever expected or wanted to
pay.

The people that whine the most about sniping, NEVER win auctions, unless
they are the first to see a "low" buy-it-now, on popular items. They just
NEVER bid high enough and would lose anyway.
Received on Thu Apr 24 2003 - 10:14:01 BST