[78-L] e-bay bidding

[buster]

It might help if you think about it like this:

When one previews at a live auction, most folks will get a mental notion of the absolute highest price they'd ever be willing to pay for an item.

In modern online auctions, you simply take that amount and enter it into the snipe bid. Then forget about it. Find out later whether you've prevailed, knowing you've not exceeded your own budget. 

More often than not, your idea of what you're willing to pay is higher than the others' best bids, so you win. None of this incremental stuff, and none of the emotion-based overbidding like old fashioned auctions. And no elevated pulse rate, either.

Come to think of it, this isn't too different than a sealed-bid silent auction. Do folks dislike them?

-- Buster
Busterdog at mac.com

On Sep 13, 2010, at 1:47 PM, DAVID BURNHAM <burnhamd at rogers.com> wrote:

> Malcolm Rockwell wrote:
> 
> And 
> nobody wins but the buyer willing to pay just to beat out everyone else. 
> And the seller, of course. 
> 
> ~~~~~~~~~~~~~~~~~~~~
> 
> This isn't entirely true.  Programs like e-snipe, (automatic bidding in the last 
> few seconds), have scared off many legitimate bidders like myself.  I have often 
> bid on an item only to lose it in the last few seconds to a sniper.  Hence I 
> have for the most part stopped bidding on e-bay.  If bidding had proceeded as 
> it's supposed to with a series of bidders upping the previous bids, the item 
> would go for much more but now many items just sit at or near the minimum bid 
> until a sniper grabs it at the end for a cheap price.  The seller loses out on 
> this process.
> 
> db
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