Hi Richard,
You wrote, "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"
Interestingly, the Astro Auctions website I and others mentioned earlier has
exactly that format.
-Walter
----- Original Message -----
From: "Richard Kowalski" <[email protected]>
To: "meteorite list" <[email protected]>
Sent: Wednesday, March 17, 2010 7:58 PM
Subject: [meteorite-list] The Sniper Mentality
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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