Subject:
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Re: 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 03:41:30 GMT
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Viewed:
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532 times
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Janet Zorn wrote:
>
> 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
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 fixed ending times seem to be the gripe
sellers have. Who knows how much higher the bids would have gone if the
bidders could have kept bidding, possibly getting caught up in the
moment, and bid like crazy. The way it is now, boom! times up/moment
over.
Why someone would want to discourage last day bidding, I do not know.
Julie
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Message is in Reply To:
 | | Fool's Question
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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 (...) (25 years ago, 16-Jun-99, to lugnet.market.theory)
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