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It’s really not a big deal, but I was bidding on an item on Ebay and I was out bid, literally 3 seconds before the item closed. Is that even possible? Was it just extraordinary luck that the winning bidder clicked submit just under the wire or was (...) (22 years ago, 19-Nov-02, to lugnet.market.auction)
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(...) I've had it happen to me and I've done it before also. Once with just 1 second left. Now, no flames, I'm just playing the E-Bay game like a lot of others. I may not like it, but to win, sometimes you have to play just as dirty as others. (...) (22 years ago, 19-Nov-02, to lugnet.market.auction)
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(...) Scott, this happens far more often than you'd think. I was teaching a new computer user haw to use ebay yesterday and this exact situation happened. She was shocked that an item could be sniped with only a second remaining in the auction. I (...) (22 years ago, 19-Nov-02, to lugnet.market.auction)
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(...) I concur--the fact that "sniping" can work at all suggests that the "sniped" bidder was withholding a higher bid in hope of scoring a deal; after all, one's bid is nominally the amount that one is willing to pay for the item, and if one it (...) (22 years ago, 19-Nov-02, to lugnet.market.auction)
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(...) Sure, it can happen. Waiting until three seconds are left is courting disaster what with the net lag demons, but that may be why it happened at 3 rather than 23 seconds. Heck, if I know I'm going to be around for an auction end, I'll put a bid (...) (22 years ago, 19-Nov-02, to lugnet.market.auction)
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(...) All you can determine is that the sniper's bid is $1 higher than your current max bid. Personally, I just bid what I want to bid for the item. I may re-evaluate later, but most times I bid up front. Of course this does give the sniper the (...) (22 years ago, 19-Nov-02, to lugnet.market.auction)
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I've been sniped by the same guy multiple times, each time with about 5 seconds to go. I think they are using software which bids for them. The purpose of sniping is to conceal even your fair estimate in hopes nobody else will seriously value it (...) (22 years ago, 19-Nov-02, to lugnet.market.auction)
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(...) Oh, duh! I forgot about that--I've been off of ebay for a while... Dave! (22 years ago, 19-Nov-02, to lugnet.market.auction)
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Moved to .theory in an attempt to not upset Kevin (and because .auction is only for auction ANNOUNCEMENTS) Hey I snipe. Everyone snipes. Sniping is the game you must play on ebay. 9/10 times I must snipe to win. I have a cable (cox) ISP and can (...) (22 years ago, 19-Nov-02, to lugnet.market.theory)
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(...) Not everyone snipes, but lots of people do, including me :^) I don't know why a lot of people get upset at sniping, it's within the rules and if you can't be present at an auction end, just get one of the automated sniping programs to work for (...) (22 years ago, 19-Nov-02, to lugnet.market.theory)
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(...) I've done it. Nothing to hide. It's just part of the ugliness that can be eBay. I bid over my dial-up home connection. So my response time isn't always guaranteed. I will sometimes snipe with 30, 20, or even 10 seconds to go. With the lag (...) (22 years ago, 19-Nov-02, to lugnet.market.auction, lugnet.market.theory)
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(...) Ugly ? Now what would you call someone who has won a bargain on ebay and then resells it on a fixed-price site for an excessive amount, now that's ugly ! There are sharks in every pool. (...) It's within the rules, and it's not some obscure (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Tough! Actually what really pushes up prices is when several people are going for the same stuff with a low patience factor. I'm sure prices of pirate ships fell once I was done buying. The guy who pops in an early low ball bid will have (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Yes, there is an auto-sniper program. A bidder used it in one of my auctions recently. Then the auto-bidder program had the audacity to *spam* me with a brag that it just won the auction for it's bidder and boy wouldn't I like to use it. I'll (...) (22 years ago, 20-Nov-02, to lugnet.market.auction)
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(...) Frank, your such a sourpuss ;^) An alternative point-of-view placed tongue- in-cheek and you snap a response :^o I know you are a plodder. (...) Not everyone has thousands to spray around buying everything in sight. (...) Who is playing games, (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Well, yes, it is like the game of 'chicken'. It can be spectacular. Recently the other sniper was only going $5 over the minimum bid (which I was doubling)... suffice it to say there was a lot more than $20 at stake. (22 years ago, 20-Nov-02, to lugnet.market.auction)
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(...) :-) I don't think I quite qualify as a plodder since I probably win about half of what I bid on :-) (...) Certainly - I probably actually overbought... One of these days I'm going to run an awesome Pirate Game, but fist I have to build about (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) I agree sniping is part of the game. I am not always happy about sniping but I do have a concern with the use of software that jams other bidders from bidding on an item near the close of an auction. I have had this happen on several occasions (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Certainly could be a problem, and not a nice thing to do (and something that one could take legal action against if it could be proved, and probably illegal), but I don't have too much sympathy to the snipers locked out of this, you're trying (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Where was it ever written or explained that the way ebay is 'intended' to work is by bidding early and often? I would argue just the opposite. They are fixed end time auctions. The only thing that functionally has any meaning is being the high (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Definitely agree-- For the sake of the buyers, snipe. It WILL result in lower prices, even though it shouldn't. That way people don't have a chance to change their minds and make the price go higher. For Ebay's sake (and for the seller's-- and (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) If the intent was for everyone to submit bids at the last possible minute, with no opportunity to react to others bids, then they could have chosen a completely standard auction format, the sealed bid auction. In a sealed bid auction, you may (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Interesting idea. Escalating the bid increment would definitely help bring the auction to a close. Also, you're probably right that a few minutes is really all the auction has to be extended. Making the escalating bid increment be based on the (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Yahoo! auctions has the 5 minute extension as an option, if the seller wants it. If a bid comes in during the last 5 min, the auction is extended. I rallied for it as an option at BrickLink, but no-go. Julie >Frank (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) One would think that eBay would like the bidding to go on if the bids were coming reasonably fast, but at the moment the emphasis is on getting the auctions to cycle through quickly. Who knows? Maybe they have done tests and determined that if (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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(...) Hmm. I wonder how many people have set up sniping-servers? I can well imagine a computer sitting on a fat, high-speed pipe, programmed to fire off sniping bids at precise times. It wouldn't provide 100% accuracy with sniping (you'll never be (...) (22 years ago, 23-Nov-02, to lugnet.market.theory)
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(...) (URL) (22 years ago, 23-Nov-02, to lugnet.market.theory)
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(...) (22 years ago, 23-Nov-02, to lugnet.market.theory)
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(...) Battle Chess, Interplay Productions, Software Publishers Association Award for Best Graphics (animated by Todd Camasta and Bruce Schlickbernd). Truly cryptic advertising bullet on the back of the box, "Drove two artists as mad as Paul Morphy." (...) (22 years ago, 23-Nov-02, to lugnet.market.theory)
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The problem with ebay is that it is trying to simulate a live auction (as opposed to a sealed bid auction) on a worldwide basis. Now a normal auction is held in one place and all the bidders (or their agents) are present throughout the auction. (...) (22 years ago, 24-Nov-02, to lugnet.market.theory)
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(...) Kerry, That's a really well written analysis. Some problems with open ended bidding: - a day may not be enough - too long an extension results in auctions which do drag out (Serious Collector had this problem as I have mentioned before) I (...) (22 years ago, 25-Nov-02, to lugnet.market.theory)
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