Subject:
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Fool's Question
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Newsgroups:
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lugnet.market.theory
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Date:
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Wed, 16 Jun 1999 02:20:30 GMT
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Viewed:
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391 times
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Alright.
I know that lots of people have super-strong opinions about this
issue.
The question I'm about to ask is not a challenge. I honestly don't
know the answer.
Flame if you want. But an helpful answer might convert me to your
opinion.
Why do sellers on Ebay care if there is sniping?
I understand why bidders hate it. I understand that the Ebay rules are
not the best ones.
But if you are going to sell an item on Ebay knowing what the rules
are, why do you want to discourage sniping?
I think that Chris Weeks has a clever way of discouraging sniping. But
isn't he reducing his return substantially by going out of his way to
discourage sniping? Under his system (described elsewhere in this
group) a first day bidder with a WTP of $100 can bid $121 but if that
bidder wins Chris will only get from him $100 minus his costs. A
bidder seeing the auction on the last day with a WTP of $120 will not
bid, and Chris will lose about $20 in the process. Why???
As someone with more interest than buying than selling, I'm hip to the
problems in Ebay's rules. But I'm trying to see why those rules are as
bad for the sellers.
David Zorn
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Message has 5 Replies:
 | | Re: Fool's Question
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| (...) I think the biggest argument why snipers are bad for the seller have been along the lines that people would like to see the auctions keep going until no bids have been received for x amount of time. The fact that the auctions on eBay are (...) (25 years ago, 16-Jun-99, to lugnet.market.theory)
| | | Re: Fool's Question
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| (...) Possibly, because they think it may reduce the prices they can realize on their sales. Potential buyers might be more likely to bid (or bid higher) if they aren't worried about being sniped, or they might bid higher simply out of appreciation (...) (25 years ago, 16-Jun-99, to lugnet.market.theory)
| | | Re: Fool's Question
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| (...) Well, I didn't bother to do the math in Chris's post, so I can only assume that it discourages sniping. Can't really comment on it, though. As a seller, why would I not like sniping? Hrmmm, probably lots of little reasons, some of which may (...) (25 years ago, 16-Jun-99, to lugnet.market.theory)
| | | Re: Fool's Question
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| Hi, David Sorkin and Mike Stanley both got parts right from my POV. (...) I don't want to flame or convert, but answering you will help me to clarify my own thoughts, so completely ignoring the benefits of healthy conversation, this is good for me (...) (25 years ago, 16-Jun-99, to lugnet.market.theory)
| | | Re: Fool's Question
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| (...) As a seller, the sole reason I'd prefer an auction format that doesn't encourage sniping is so that the winner of an auction is the one who wanted to pay the most for it, who may not necessarily be the one who has the fastest connection or (...) (25 years ago, 28-Jun-99, to lugnet.market.theory)
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