Re: [NTLK] [OT] eBay sniping

I thought that sniping was a bid made very late (maybe 1 second before the
end) by a ebay sniping computer program, used so that they can *just* outbid
the winner by a teeny bit.
On Tue, Feb 24, 2009 at 4:53 AM, Jon Glass <jonglass@usa.net> wrote:

> On Tue, Feb 24, 2009 at 10:41 AM, David Neale <david.neale@telenet.be>
> wrote:
> > Does proxy-bidding no longer exist?
>
> Yes, that's the whole point of putting your max bid in first. However,
> what happens/ed, is that prices would go up fairly early, so people
> started waiting until the very end to start bidding. BTW, this happens
> in real-life auctions. The serious bidders don't begin until very late
> in the process, less they bid the price up too soon and too high.
> Hence, the practice of sniping. In other words, placing an early, high
> bid almost guarantees that if you win, you will win with a price very
> close to your maximum bid. Not a happy prospect, and hence, once more,
> the practice of sniping. There is no ideal, especially with hot-ticket
> items like the Newton briefcase. Therein lies the rub. I just last
> week won an item that I bid on days in advance, but nobody else bid
> on. But then again, I didn't expect anybody else to bid on Piko Junior
> train HO-scale train cars. ;-) It all depends on the item.
>
>
> --
> -Jon Glass
> Krakow, Poland
> <jonglass@usa.net>
>
> "I don't believe in philosophies. I believe in fundamentals." --Jack
> Nicklaus
>
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-- 
Colin
www.bananafredsoft.com
www.youtube.com/colipat
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