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In lugnet.market.buy-sell-trade, Roy Wood writes:
> > If you want to maximize the price you receive for it, then why are • you
> > against sniping? I believe sniping helps you to get the best price • and more
> > in some cases! If anything, sniping often drives the price above what • would
> > be considered reasonable! I could see being against sniping if you • were
> > wanting to sell something for a fair price, but not if you want a • maximum
> > price. The only people who should be against sniping are the ones who • want
> > to bid on something but are afraid of putting a maximum bid on it! I
> > personally don't see anying wrong with sniping! I think it makes the
> > auctions a lot more exciting. But that's just my opinion. I hope you
> > figure out what you want to do..
>
> Hmm, the way I see it is that sniping actually keeps the price down,
> since it kills the competition that is essential to the auction spirit.
> If the sniper were to bid earlier, then another motivated buyer would
> still have a chance to top the currently-winning bid, and could then in
> turn be topped by another bidder, etc. When I'm sniping, I hope to
> sneak a winning bid in at the last minute, when it's impossible for
> other bidders to come back and top me. Of course, this assumes that my
> bid beats out the other bids.
>
> The only way sniping helps the seller is if someone has bid high earlier
> in the auction, and the sniper makes a bid that forces up the final
> price (regardless of whether the sniper bid wins or the other standing
> bidder does).
>
>
> Overall, I'm still not sure what the best way to go is, but I'll have to
> decide this afternoon.
>
>
> -Roy
I personally believe that snipping only works for the buyer if the other
buyers don't know have to effectively use the maximum bid system. As a
buyer that means I bid whenever I want and bid the highest that I am
absolutely willing to pay (and then a little more for good measure <g>).
And then I try not to bid again. It takes discipline but it keeps you from
spending more than you should.
As a seller, the beauty of an auction is that there is an added desire on
the part of buyers to "win", not just get something they want/need. I
believe that that is the reason a lot of stuff goes for outrageous prices.
Good old human nature. As a seller, sniping seems to hurt when items sell
for less then you hoped, but I believe that for those cases, there just
wasn't the market I had hoped for.
IMHO,
Bob
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Message has 2 Replies:
 | | Re: eBay Anti-Sniper Strategy
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| (...) If you bid your maximum and have the discipline not to increase your bid, then you can be outbid by someone who does not have that same discipline, like the buyers you describe in the next paragraph. If you hold off and bid the same maximum at (...) (23 years ago, 2-Feb-01, to lugnet.market.buy-sell-trade)
| | | Re: eBay Anti-Sniper Strategy
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| (...) I don't care about winning, I just care about getting the sets I wanted. Sometimes I will pay a premium to get them... (...) Naw. In my case, I tend to snipe. So when I forget to bid on something at the last minute, the item I was going to bid (...) (23 years ago, 2-Feb-01, to lugnet.market.buy-sell-trade)
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Message is in Reply To:
| | Re: eBay Anti-Sniper Strategy
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| (...) you (...) and more (...) would (...) were (...) maximum (...) want (...) Hmm, the way I see it is that sniping actually keeps the price down, since it kills the competition that is essential to the auction spirit. If the sniper were to bid (...) (23 years ago, 2-Feb-01, to lugnet.market.buy-sell-trade)
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