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Looper's Delight
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I disagree with the idea that sniping changes the end price. You are assuming that you are only bidding against snipers. If I bid my max early, the proxy will, in essence, snipe in zero time to my set limit. The illusion is that the bid price any time before close reflects something, it doesn't. I tend to find sniping raises prices, because of impulse bidding...a sniper isn't sticking to his/her "pain threshold". Sniping is simply a time compression of the same bidding process (I'll deal in 10 seconds, not 10 days) and assumes that a competing bidder needs to make a counter-move. If the competing bidder uses a proxy system correctly, there is no need for a counter-move. sniping only works against snipers But bidding 10 seconds before the auction closes gives little chance for somebody else to notice your bid and attempt to outbid you so you usually get the item for much less than you would have if you had bid 15 minutes, hours, or days before. So if my max bid was $50 and the auction is at $10 by bidding 10 seconds before end of auction will give any other bidders less chance to raise the price from $10 - $50 causing me to only spend $10 :) Early bidding just raises the price (via impulse bids) which is good for the seller but not for the bidder. --- Mark Hamburg <mark_hamburg@baymoon.com> wrote: > eBay will bid you up to your limit gradually anyway. > If really concerned, > you could place a bid with a limit 15 minutes before > the auction closes. > > Mark > > on 2/25/03 9:46 AM, Greg House at > ghunicycle@yahoo.com wrote: > > > --- Mark Hamburg <mark_hamburg@baymoon.com> wrote: > >> Or you could just figure out how much you are > willing to pay and set your > >> limit based on that. > > > > What? That would make the entire auction thing > unprofitable! > > > >> Can someone tell me what the expected benefits of > last minute bidding are? > > > > Presumably the benefit of last minute bidding is > that you get the item for the > > least possible price, since you don't bid it up > ahead of time and there are > > probably less bidders actually in the fray at the > last minute. > __________________________________________________ Do you Yahoo!? Yahoo! Tax Center - forms, calculators, tips, more http://taxes.yahoo.com/ _________________________________________________________________ Add photos to your e-mail with MSN 8. Get 2 months FREE*. http://join.msn.com/?page=features/featuredemail