This mentality, waiting until the last few seconds before bidding, is something
I just don't get. Maybe someone can explain it to me.
I bid for lots on ebay just like I do when I bid at a real auction. I set in my
head what I believe the value of an item and what I have available in my budget
to bid for that item. I then bid that much and no more. If I get the item,
great. If not, someone wanted it more and we're willing to pay more for the
item...
While I will sometimes raise my ebay bid a little before the end of the
auction, I really don't understand the idea of sitting there and in the last
second or two, to try to jam in bids high enough to win the item.
Do snipers really want the item or are they just trying to screw others out of
the item? Are they just trying to get the item at a lower price, thinking that
their competitors will just rebid again, upping the price?
I see this on meteorite auctions every so often, but much more often on the
Daguerreotypes I bid on. The reason I was reminded of it was a lot I just lost
out on. There wasn't just one sniper, but two. The both bid at the exact same
time, 2 seconds before the auction ended...
As I said, it doesn't mater that I lost the lot. It went for more than I was
willing to pay, so I wouldn't have rebid even if I could.
Possibly someone can explain what is gained by bidding like this instead of
just bidding what you think it's worth and letting it go for that...
I'd really like to see ebay eliminate this foolery. It'd be pretty simple. Any
bids that occur within one minute of the closing time of the auction
automatically resets the end time by 10 minutes, or 30 minutes. The snipers
games are eliminated and the dealers (and ebay) gets more profits because the
auction remains open for the bidding to continue to higher levels. Just like in
a real live auction.
Thanks
--
Richard Kowalski
Full Moon Photography
IMCA #1081
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