eBay sniping

From: J.C.Wren <jcwren_at_jcwren.com>
Date: Thu Apr 24 22:31:01 2003

Sellam said:

> Which is a clear example of how eBay pricing gets
> artificially inflated.
> I'm not saying it happens all the time, but it probably happens enough
> (and this is clearly obvious from some of the prices that
> some auctions
> end at) that the end result is artificial price inflation.

Nonsense. This is how *all* auctions work. It has nothing to do with
sniping, it has to do with emotional bidding. If you starting letting the
"I gotta have it" emotions run over the "I'll pay only this much" logic,
you're not bidding wisely.

        --John
Received on Thu Apr 24 2003 - 22:31:01 BST