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 00:54:22 GMT
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Viewed:
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1453 times
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pete white wrote:
>
> 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.
:-) I don't think I quite qualify as a plodder since I probably win
about half of what I bid on :-)
> > 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.
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 30
or 40 ships...
> > 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 ?
I would tend to say BL is fair, at least for reasonably common items. If
it isn't selling, the price is too high. If you sell out of it before
you finish your post to Lugnet, your price is probably too low. If it's
common, but there is no inventory at all anywhere on BL, the price is
probably too low.
> > 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 !
When you put an item up with a BIN price, do you also have a low bid? I
guess a BIN price could scare away interest though.
Low starting bids definitely seem to do better even though bidding ends
up going way past a "reasonable" starting price.
Of course I've snapped up a few items with overyly low BIN prices (and
I've been pissed off about missing items with too low BIN prices). I've
also bought several items which had very fair BIN prices, just because
it's less painful to know I've got it rather than hope for a bargain
(but more likely pay more than the BIN price).
Frank
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Message is in Reply To:
 | | Re: Ebay sniper? you make the call
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| (...) 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. (...) Not everyone has thousands to spray around buying everything in sight. (...) Who is playing games, (...) (22 years ago, 20-Nov-02, to lugnet.market.theory)
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