eBay sniping

From: Vintage Computer Festival <vcf_at_siconic.com>
Date: Fri Apr 25 02:46:00 2003

On Thu, 24 Apr 2003, J.C.Wren wrote:

> 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.

Nonsense. What I was replying to was the practice of setting a price
higher than you would want to pay because you were trying to "protect your
bid". You then get sniped in the end and the price gets pushed up to past
your intended maximum. It's a specific case.

And like I said, it suerly doesn't happen all the time, but it certainly
can contribute to some auctions ending with a ridiculous price.

Sellam Ismail                                        Vintage Computer Festival
International Man of Intrigue and Danger                http://www.vintage.org
 * Old computing resources for business and academia at www.VintageTech.com *
Received on Fri Apr 25 2003 - 02:46:00 BST

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