 | | Re: $2,137.00 —Pedro Silva
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| | | (...) Actually, I'm sort of confused as to what exactly that "iron horse" (ferroequus, whatever...) dude was doing - why did he successively outbid himself? Pedro (who knows virtually nothing about the fantastic world of auctions) (22 years ago, 12-Apr-02, to lugnet.lego.direct)
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| | | | | Re: $2,137.00 —John Henry Kruer
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| | | | | (...) Maybe somebody bidded higher and so Ebay raised his bid until the bid went over his Maximum Bid? John Kruer (22 years ago, 12-Apr-02, to lugnet.lego.direct)
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| | | | | | | Re: $2,137.00 —Pedro Silva
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| | | | | | (...) Oh... I see. So this is done automatically. It's a bit of a shame that the "competing" bidders in such bids are not displayed - I'd sure love to know the details of this "fight"... ;-) Thanks, John! Pedro (22 years ago, 12-Apr-02, to lugnet.lego.direct)
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| | | | | | | | Re: $2,137.00 —Rob Doucette
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| | | | | | (...) ferroequus was never a high bidder. Here's the play by play: 1. dansoere (0) bid $60.00 on Apr-02-02 12:02:56 <-- High Bidder 2. robertjay2002 (0) bid $51.00 on Apr-02-02 12:18:29 3. robertjay2002 (0) bid $55.00 on Apr-02-02 12:19:06 4. (...) (22 years ago, 13-Apr-02, to lugnet.lego.direct)
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| | | | | Re: $2,137.00 —Frank Filz
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| | | | | (...) If you look carefully, you will see that the higher bids are older, and thus were "proxy" bids (where you bid what you really think you want to pay for the item, then the system submits the lowest possible bid for you, and then automatically (...) (22 years ago, 12-Apr-02, to lugnet.lego.direct)
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| | | | | | | Re: $2,137.00 —Pedro Silva
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| | | | | | (...) Got it! (...) That would really be useful. I mean, just to satisfy my curiosity... :-^ (...) Most convenient, the whole system. Does it work as intended, never creating any sort of issues? Thanks, Frank! Pedro (22 years ago, 12-Apr-02, to lugnet.lego.direct)
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| | | | | | | | Re: $2,137.00 —William R. Ward
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| | | | | | (...) [...] (...) It tends to drive up the final price, in my opinion. I think it's better to wait until the last minute (or in some cases, the last 10 seconds) of an auction before submitting your true highest bid... --Bill. XFUT: (...) (22 years ago, 13-Apr-02, to lugnet.lego.direct, lugnet.market.theory)
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| | | | | | | | Re: $2,137.00 —Benton Jackson
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| | | | | | | Some people don't like "waiting until the last minute", calling it "sniping". But I do it all the time, it keeps other people from emotionally trying to top what I realistically consider a good price. (...) (22 years ago, 13-Apr-02, to lugnet.market.theory)
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| | | | | | | | | Re: $2,137.00 —Scott Arthur
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| | | | | | | | | (...) Too much stress. I just "bid and forget" most of the time... I just place my bid & forget all about it. If I win, I get a little e-mail from ebay a few days later. Scott A =+= Have you inspected Arthur’s Seat yet? (URL) reasonable man adapts (...) (22 years ago, 13-Apr-02, to lugnet.market.theory)
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| | | | | | | | | Re: $2,137.00 —Larry Pieniazek
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| | | | | | | | | (...) Yes. I feel sniping is a valid technique although I don't do it myself. I think sniping really is just a way to keep your bid secret, even the fact that you plan to bid... and a way to keep your bid lower than if you started early. And if you (...) (22 years ago, 13-Apr-02, to lugnet.market.theory)
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| | | | | | | | | Re: $2,137.00 —Benjamin Medinets
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| | | | | | | | (...) I completely agree...it is a bit underhanded, but how else are you going to win the bid at a "fair" price. I also agree with the assessment that proxy voting does tend to drive up the price quickly, and you end up paying more than you really (...) (22 years ago, 13-Apr-02, to lugnet.market.theory)
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| | | | | | | | Re: $2,137.00 —Frank Filz
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| | | | | | (...) Of course if more people waited until the last minute to bid, prices overall would be lower for a couple reasons: - no bidding wars - people would forget to check the auction On the other hand, if two people really want the item, and bid their (...) (22 years ago, 14-Apr-02, to lugnet.market.theory)
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| | | | | | | | Re: $2,137.00 —Larry Pieniazek
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| | | | | | (...) Again, you don't need to take the time, there are technologies that will snipe FOR you without you needing to do more than just decide what your true maximum is and how close to auction end you want to cut it. No need to wait around to the (...) (22 years ago, 14-Apr-02, to lugnet.market.theory)
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| | | | | Re: $2,137.00 —Larry Pieniazek
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| | | | (...) Frank explained the mechanics, as for the motivation I speculate he was trying to outbid the current high bidder but by just a little. That's a sign of indecisiveness, inexperience, or possibly bid shielding. Hope that helps. FUT market.theory (...) (22 years ago, 13-Apr-02, to lugnet.lego.direct, lugnet.market.theory)
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