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"Pedro Silva" <el_gordo@netc.pt> writes:
> In lugnet.lego.direct, Frank Filz writes:
> > 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 ups your bid as people come along later and
> > attempt to outbid you). • [...]
> > Now I have upped my bid even when I do hold the high bid, when I decide
> > my current high bid isn't really the highest I'm willing to bid.
>
> Most convenient, the whole system. Does it work as intended, never creating
> any sort of issues?
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: lugnet.market.theory
--
William R Ward bill@wards.net http://www.wards.net/~bill/
-----------------------------------------------------------------------------
If you're not part of the solution, you're part of the precipitate.
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Message has 2 Replies:
 | | Re: $2,137.00
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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. (...) (24 years ago, 13-Apr-02, to lugnet.market.theory)
| | | Re: $2,137.00
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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 (...) (24 years ago, 14-Apr-02, to lugnet.market.theory)
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Message is in Reply To:
| | Re: $2,137.00
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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 (24 years ago, 12-Apr-02, to lugnet.lego.direct)
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