Subject:
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Re: Ebay sniper? you make the call
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Newsgroups:
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lugnet.market.theory
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Date:
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Wed, 20 Nov 2002 00:35:12 GMT
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Viewed:
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1584 times
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In lugnet.market.theory, Frank Filz writes:
> pete white wrote:
> > What bidders could be worse, maybe the plodders, who rarely win anything and
> > just plod away putting in low bids on hundreds of auctions and just pushing
> > prices up overall.
>
> Tough!
Frank, your such a sourpuss ;^) An alternative point-of-view placed tongue-
in-cheek and you snap a response :^o I know you are a plodder.
> Actually what really pushes up prices is when several people are going
> for the same stuff with a low patience factor. I'm sure prices of pirate
> ships fell once I was done buying. The guy who pops in an early low ball
> bid will have almost no effect on the final price (heck, I've even
> tossed in low ball bids to put the item on my "things I'm bidding on
> list" just because I'm curious what the item will go for, and heck, if
> someone lets me win a Skulls Eye Schooner for $5 or somesuch [because
> I'm the 5th person to put in such a "watch" bid], well, I'm sure I'll
> get 5 bucks worth out of it...).
Not everyone has thousands to spray around buying everything in sight.
> I'm sure a snipers wet dream is for everyone to play the sniper game,
> and no one bids ahead of time, and then you're the lucky one who is the
> only one to get your snipe bid in, and win the SES for $0.99...
> Fortunately enough people don't play the sniper game (or at least don't
> cut it so fine their bid might not even make it in) that most things go
> for fair prices. Which is good for all of us, because the reason there
> is so much LEGO on eBay is that it goes for prices which make it
> worthwhile for people to scour yardsales and fleamarkets, and then
> actually take some time to either extract sets, or organize parts into
> sensible lots.
Who is playing games, you might as well enjoy the ride if you are on it.
What exactly is a fair price ? Is BL fair ?
> Of course what sniping can be bad for is the seller (except the snipers
> who put in a ridiculously high bid, at the same time a similar sniper
> does so, but then they're bad for the seller also). If the auction was
> more like a live auction (where every bid resets the
> going-once-going-twice-gone counter), the person outbid by the sniper
> has a chance to respond, and therefore the seller will get a higher
> price.
I sell more on ebay, than I buy, so I could argue from a seller's POV.
The plodders keep the market healthy, thanks Frank !
> The idea of an auction is supposedly to get the "best" selling price.
...or maybe just to sell excess parts or bits you cannot use yourself,
or help someone complete a set, or sell something that cannot be bought
elsewhere. The auctions that go high, make up for the ones that go low.
I have run auctions with possibly fair 'Buy It Now' prices and never received
a bid, run again starting low, the high bid has surpassed the original BIN !
pete.w (who has parcels to wrap and more customers to impress)
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Message has 1 Reply:
 | | Re: Ebay sniper? you make the call
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| (...) :-) I don't think I quite qualify as a plodder since I probably win about half of what I bid on :-) (...) Certainly - I probably actually overbought... One of these days I'm going to run an awesome Pirate Game, but fist I have to build about (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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Message is in Reply To:
| | Re: Ebay sniper? you make the call
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| (...) Tough! Actually what really pushes up prices is when several people are going for the same stuff with a low patience factor. I'm sure prices of pirate ships fell once I was done buying. The guy who pops in an early low ball bid will have (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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