eBay sniping

From: steve <gkicomputers_at_yahoo.com>
Date: Mon Apr 28 00:32:00 2003

--- Brian Chase <vaxzilla_at_jarai.org> wrote:

> Sealed bid auctions don't result in bidding
> frenzies.

They certainly do, put 10 similar valuable items up
for auction in a traditional sealed bid auction, one
week apart, as each bidder loses each week, his/her
sealed bid will increase each week so by the 6 or 7
auction a frenzie will occur, everyone fearing that
he/she will never be the winning bidder . Exactly like
you see in ebay.

I don't think
> your comparison of sealed bid to eBay auctions holds
> at all.

Ebay always hides the the current highest bid, the
auction ends at a fixed time, on many auction many
bids are placed within 5 seconds of the end of auction
basically removing any opportunity for the previous
bidders to place a counter bid, sounds like a sealed
bid auction to me....

> -brian.
The New Yahoo! Search - Faster. Easier. Bingo.
Received on Mon Apr 28 2003 - 00:32:00 BST

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