ebay snipe

[adolescent]

@Wayne

That is/was Yahoo auctions.  

As for sniping I don't do it.  There's not a single item that's worth paying more than I'm willing to pay.  So, if I bid $100 that's what I'm willing to pay.  Since eBay uses proxy bidding there is no reason to put in incremental bids from $50-100.

[InTheSand]

MayhemMaybe wrote:
The only way to nearly eliminiate sniping would be for ebay to implement a system where a bid within a certain time of the auctions end extends the end time of the auction by a certain amount.

This is what TradeMe (New Zealand's equivalent of eBay) does - auctions are extended by a few minutes to help stop this...

In practice, if more than one person really wants an item, it leads to stupidly higher and higher bids until eventually they stop. Great from the seller's point of view!

 - Ali

[Hans_]

@A1200Power

A1200Power wrote:
Hey,

What's new about that ?? I have been doing that all the time. Guess with a little brain use everyone can figure out that it doesn't work to bid while there a 4 more day to go.

There's nothing new. But it's one thing to realize something intuitively, and another to prove it mathematically. Likewise, the stuff you learn in physics class is basically stuff that all sports players know and use to their advantage. It's just defined precisely enough that you can predict what happens with great accuracy (and simulate stuff on computers).  

Hans

[Matt_H]

There are *tools* for sniping now? I guess I'm old fashioned.

[weirdami]

bad news for sellers

:-(

[Zac67]

@leirbag

Artificially pushing the bids works because some bidders are just stupid and get carried away. As long as you're sniping, it won't bother you.
If I want something, I think about what I'm willing to pay and then I put that into BOM. If the price goes higher, I wouldn't want it anyway.

[TjLaZer]

All I know is if I do not snipe I pay much more for the item.  Snipping avoids my biggest pet peve, nickel and dime bidders.