my_stuff-migration

I actually had buyers remorse for the underbidder on an item last week. I don't have the time to sit around a computer all day to watch auctions end so I put in a final day bid on an item for $167.89 on eBay which was well above the current bid.

 

When it ended I looked at the bid history. It was obvious that someone had put in a snipe bid. Their amount? $167.00

I won the item over them by 89 cents. Sure I was happy to have actually gotten the item but at the same time I felt bad for the underbidder because they may have really wanted it as well.

 

Just a side note, most bidders add cents to their bid for that exact reason. When they don't it's a sign that it could be a shill bid (although it's far from being conclusive).

Anyone who ends their bids in zero zero ($1.00) is either a complete Noob or a complete insufficiently_thoughtful_person.

I know you guys are probably tired of hearing me say this over the years

(thumbs u

 

Soft end times for items would lead to increased values on items, increased buyer's premiums, and more satisfied buyers!

Why would buyers be more satisfied with higher prices and premiums?

 

Texas law allows for bidding by the auction house.

Texas law allows for pretty much anything.

 

I haven't read all the responses yet but this should answer a few of you:

 

As a buyer if given the opportunity to go ahead and go a small percentage over what I had initially decided was my max if it's an item that I really want I would prefer to have that option.

Why is "bid your maximum the first time" such a hard concept to grasp? :shrug: Is it just lack of self-control?

THAT makes for happier buyers.

Is that a fact? Then I say it's a fact that auto-extend bidding ticks off more buyers than it makes happy. Holds the same validity, no?

As far as Texas is concerned, it's not the only state that allows auction houses to bid on items...

Oh, well, that makes it all ok then

I honestly I don't waste my time with sniping. If I really wanted something, I'd just bid some really ridiculous amount and hope no one is as stupid or as crazy as I am.

 

That leaves you wide open for shill bidding. Sniping is the only way to go if you don't want to get burned.

 

But if you started with the absolute highest you would be willing to bid, it's moot and the only difference is you are not allowing yourself the chance to breakdown and spend more in the heat of the moment.

If you started with your absolute highest bid, then by definition you wouldn't be bidding anymore at all :shrug:

But I'll have to disagree in general. If you don't snipe, you may end up paying more than you should have to, not more than you wanted to. If you put in a bid of $100 and the only other bidder is a Shill, instead of paying the $5 opening bid, you'll be paying $99.99. Right there you got screwed for $95. Sniping doesn't allow the shill to chip away at your max bid.

I honestly I don't waste my time with sniping. If I really wanted something, I'd just bid some really ridiculous amount and hope no one is as stupid or as crazy as I am.

That leaves you wide open for shill bidding. Sniping is the only way to go if you don't want to get burned.