Snap-On sockets, Ebay, got sniped....

[Teken]

Yup that's what I said in the previous reply . . .

 

[Moose-LandTran]

Incorrect. If the serious early bidder is willing to pay $100 chances are he won't bid $100 immediately. He'll bid in increments just to get back to winning. If you leave him sitting in the lead at $30 dollars until 1 second before the hammer falls he'll sit there thinking he's gonna get a bargain and never get the time to up his bid to the maximum he's willing to pay.

Are you off your rocker? It doesn't matter which bidder, in order of when they place the bids, wins. The one who will pay the most will win.

Sure, a constant stream of bidding will raise the final price. But the bidder who is willing to pay the most will win.

If a "serious bidder" bids $100 it doesn't matter when they place their bid, if someone else is willing to bid $101 then that person will win. Whether they bid at the start, middle or end.

Your maximum bid is the maximum you will pay. You can increase that maximum during the auction, but the highest bid wins. Every single time. No exceptions.

You could start at $10, then raise to $15, $20, $25, etc. Doesn't matter. If someone bids $100 and that's more than your max they will beat you.

You're not reading what i'm saying. Price is irrelevant, it's the HIGHEST bid that wins. Always.

 

[MattT]

Yup that's what I said in the previous reply . . .

No it ain't. Unless my reading comprehension is seriously messed up tonight you advocate running up the price to see where a bidders limit is. All that does is force said bidder to increase their bid to the maximum they're willing to pay. If you sit tight until the last second they never get the chance to bid their max.

 

[egdede]

Are you off your rocker? It doesn't matter which bidder, in order of when they place the bids, wins. The one who will pay the most will win.

Sure, a constant stream of bidding will raise the final price. But the bidder who is willing to pay the most will win.

If a "serious bidder" bids $100 it doesn't matter when they place their bid, if someone else is willing to bid $101 then that person will win. Whether they bid at the start, middle or end.

Your maximum bid is the maximum you will pay. You can increase that maximum during the auction, but the highest bid wins. Every single time. No exceptions.

You could start at $10, then raise to $15, $20, $25, etc. Doesn't matter. If someone bids $100 and that's more than your max they will beat you.

You're not reading what i'm saying. Price is irrelevant, it's the HIGHEST bid that wins. Always.

Sniping programs are smart for the many reasons listed above.

At a minimum you'd have to concede that, probably, some 'serious bidders' try to manually snipe, at the last second (like the OP). You can win for less in this situation with a sniping program.

For example, the original poster tried to manually snipe, and was beaten (by a serious earlier bidder here; but he would have been beaten by a sniping program in the same way).

Finally, I usually don't sweat a loss: for all I know the winner was willing to pay $1000 more than my max-bid of $100.

 

[Teken]

No it ain't. Unless my reading comprehension is seriously messed up tonight you advocate running up the price to see where a bidders limit is. All that does is force said bidder to increase their bid to the maximum they're willing to pay. If you sit tight until the last second they never get the chance to bid their max.

I believe I'm not being clear on what I mean . . . My real world example is this:

Person *A* is the last bidder and has inputted his max bid of $100.00, the current bid in the last 10 seconds is $30.00.

Person *B* comes along can only see and know that the current bid is at $30.00, if person B waits the last 10 seconds it will not be enough time for him to place a bid that will out bid person *A* who has a max of $100.00.

This is my point I am trying to make, that just because you come in the last few seconds there is no guarantee you will win the auction. As this assumes you either bid up the automated amount by the e-bay computer, input a larger value say $67.00 this would still result in a lose.

Only if you enter a huge number as the one member has stated will you guarantee a win as Moose has expressed.

All I am saying is that coming into the auction in the near seconds only works if the current max bid is the highest!

 

[Moose-LandTran]

Bored of this thread now.

The highest bidder wins. End of.

 

[MattT]

Are you off your rocker?

No but I am an elitist tool snob troll according to some wankers

The way feebay works is most bidders don't bid the maximum amount they're willing to pay right off the bat. They work up incrementally until they're "winning". When you bid in the last couple seconds they don't have time to bid what they're willing to pay for an item.

 

[egdede]

And who wins?

The person willing to pay the most.

Sure, timing can affect the closing price, i never denied that. Timing doesn't affect who wins. The highest bidder always wins.

I think you'd have to agree that by 'affecting the closing price', sniping causes people to lose; people who were willing to pay more.

Or, put another way, sometimes the manual snipers screw themselves.

 

[Adam McLaughlin]

I'd like to ad that I do like the auction sniping because it changed the dynamics of the bidding game; the sale then becomes more of a silent auction. Everyone puts their snipe value in at what they truly are willing to pay, and then the cards fall where they do. Simple as that. No frenzy, no excitement, just pure business.

I believe that auction sniping would actually keep prices lower if that is the only way it was done, this way there would be no people standing by trying to out bid each other.

Adam

 

[Moose-LandTran]

The way feebay works is most bidders don't bid the maximum amount they're willing to pay right off the bat. They work up incrementally until they're "winning". When you bid in the last couple seconds they don't have time to bid what they're willing to pay for an item.

So tough **** for them. You're all in competition, you're not out to make friends and keep the price down for others. You're there to buy **** by bidding.

I think you'd have to agree that by 'affecting the closing price', sniping causes people to lose; people who were willing to pay more.

Or, put another way, sometimes the manual snipers screw themselves.

The closing price is irrelevant. The bid timing is irrelevant. The winner is the person with the highest maximum bid. There's no two ways about it.

 

[lilredex]

I'd like to ad that I do like the auction sniping because it changed the dynamics of the bidding game; the sale then becomes more of a silent auction. Everyone puts their snipe value in at what they truly are willing to pay, and then the cards fall where they do. Simple as that. No frenzy, no excitement, just pure business

Adam

Exactly............

 

[matthew]

The closing price is irrelevant. The bid timing is irrelevant. The winner is the person with the highest maximum bid. There's no two ways about it.

Yep. But the closing price is determined by the person with the second highest bid... that's the part that bidders forget when thinking how close they got to winning.

 

[Shadowdog500]

I agree that the highest bid wins. The only thing sniping does is deny a manual incrimental bidder the chance to drive the price up in small incriments. For some reason these manual incrimental bidders bid one price at a time, see what happens, and then bid again. If given the time they will continue bidding until they get to thier maximum price which will either drive your final price up or they will beat you. Why give them the cance when waiting till the last second keeps them from having the chance to do this.

Sniping has no effect on other people who are "Max Biders" If you do snipe, dont be dumb enough to be an incrimental bidder. Put in one "Max Bid" at the last second and cross your fingers.


Chris

 

[Moose-LandTran]

Yep. But the closing price is determined by the person with the second highest bid... that's the part that bidders forget when thinking how close they got to winning.

I also find it funny whne the second-highest bidder says "I lost it by $1!" Uhh.. yeah.. the minimum bid increment. And the winner could've had another $100 to go before they hit their max.

I agree that the highest bid wins.

Yay!

*high-fives Shadowdog500*

 

[PowderKeg]

For something I'm willing to go $100 on it'll work like this:

The early tightwad bidders will back and forth themselves up to about $20.

Then a serious bidder kicks in and runs them off. Item is probably sat at $20something with a max bid of $30 at this point.

Now you have two options. Enter your $100 max bid early and the serious bidder will keep bumping his bid trying to get ahead of you. You'll win or loose somewhere around $100. Or wait until he has no time to react and win the item for $31.

That's not a serious fleabay bidder, that's a stupid fleabay bidder That's a bidder who doesn't/can't grasp the concept of knowing what something is worth to himself - he has to try and find out what someone else thinks it's worth and then try to beat them by a few bucks. Either a stupid bidder, or a fleabay virgin who can't read the short and simple text beside and below the box he enters his bid in, namely "Your max bid:" and "Enter $xxxxx or more". It doesn't it say "Enter only the next bid increment" or any other such thing. If the item is actually worth more to a bidder than the amount he entered and he loses, it's his own stupid fault.

Moose puts it as simple and straightforward as it can get - the highest bid always wins. Some yahoo might've bid more if they'd only had a chance to? Absolutely meaningless, since the winning bid is always the highest bid entered, not thought about.

Always bid the maximum amount something is worth to you, no matter when you enter it during the auction run-time, and you won't be disappointed by losing to a bid less than what you'd actually willingly pay. IMHO, a smarter bidder will wait towards the end and/or use a sniping program to enter their one (and only) maximum bid - to keep the "seriously stupid" bidders from steadily driving the value higher. The "smart" bidder may or may not win in the end (because the highest bid wins, not necessarily the last), but it'll depend on another bidder wanting/valuing the item more, and not some nimrod nickle 'n diming his way up.

That's my nickle's worth, a dime was too much.....

 

[cglasgow]

The "smart" bidder may or may not win in the end

I'd disagree with that -- the "smart" bidder always wins, in the sense that he either successfully buys the item he's bidding on for a price that's less than or equal to what it's worth to him, or he avoids paying more than the item is worth to him, and someone else gets to overpay for it. If you buy the item but pay too much, I'd call that "losing." My motto: one bid only, max amount your willing to pay, as late in the auction as you can stomach....

 

[srmofo]

I just use the stop watch on my phone. When it gets to the 3 min mark I hit go. F5 refreshes your page, although now they have the timer counting down I think. Its been a while since Ive bid on anything. Once it get to around 30 secs I go to the bid page and enter my max bid, then wait and wait some more. My heart starts pounding, then with about 5 secs left I hit submit button.

I might start using some software from now on though, sounds much easier and with 3 free a week how can I go wrong. I hardly ever shop ebay anymore.