Subject:
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Re: $2,137.00
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Newsgroups:
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lugnet.market.theory
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Date:
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Sat, 13 Apr 2002 12:55:16 GMT
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Viewed:
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3812 times
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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.
In lugnet.lego.direct, William R. Ward writes:
> "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
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Message has 3 Replies:
 | | Re: $2,137.00
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| (...) Too much stress. I just "bid and forget" most of the time... I just place my bid & forget all about it. If I win, I get a little e-mail from ebay a few days later. Scott A =+= Have you inspected Arthur’s Seat yet? (URL) reasonable man adapts (...) (25 years ago, 13-Apr-02, to lugnet.market.theory)
| | | Re: $2,137.00
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| (...) Yes. I feel sniping is a valid technique although I don't do it myself. I think sniping really is just a way to keep your bid secret, even the fact that you plan to bid... and a way to keep your bid lower than if you started early. And if you (...) (25 years ago, 13-Apr-02, to lugnet.market.theory)
| | | Re: $2,137.00
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| (...) I completely agree...it is a bit underhanded, but how else are you going to win the bid at a "fair" price. I also agree with the assessment that proxy voting does tend to drive up the price quickly, and you end up paying more than you really (...) (25 years ago, 13-Apr-02, to lugnet.market.theory)
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Message is in Reply To:
| | Re: $2,137.00
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| (...) [...] (...) 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: (...) (25 years ago, 13-Apr-02, to lugnet.lego.direct, lugnet.market.theory)
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