Re: A Golden Opportunity!
From: Watson A.Name - \ (NOSPAM_at_dslextreme.com)
Date: 08/19/04
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Date: Thu, 19 Aug 2004 05:44:51 -0700
"Dave Platt" <dplatt@radagast.org> wrote in message
news:10i7ai5jnntfn77@corp.supernews.com...
> In article <LbNUc.8416$54.122899@typhoon.sonic.net>,
> Don Bruder <dakidd@sonic.net> wrote:
>
> >> Sadly, there are those who view sniping as a sport (a kind of
racing) and
> >> who have lost sight of the real purpose of the auction. Sorry, I
don't go
> >> to eBay to play sniping games... I go there to buy and sell things.
> >
> >Which is precisely the reason I am, and will continue to be, a
sniper.
> >
> >I'm not interested in bidding games. I want the item. I know what
it's
> >worth to me. I could care less what it's worth to you. And I damn
well
> >don't care at all if some poor seller doesn't get top-dollar for a
> >"commodity" item.
> >
> >Therefore, I figure out what I'm willing to pay when I find a listing
> >that interests me, then I sit back until a second or two before the
end
> >of the auction, and drop that amount in as a bid. So far, I've never
> >paid more than I valued the item at, and have never been
"out-sniped".
>
> My own feelings, and my own experience are similar to yours. I do use
> sniping software, to avoid triggering peoples' "bidding war"
instincts.
Bidding war? Instincts? It's an AUCTION, for cryin' out loud!
> I've lost an occasional sniped auction because I *was* outbid...
> sometimes by another sniper, more often by someone who put in a bid
> higher than mine several hours or days earlier, and once because my
> high bid didn't meet the seller's reserve price. All of these are
> "fair" losses, to my mind... I simply wasn't willing to pay as much
> for the item, as someone else felt that it was worth to him/her.
That's the whole point. Sniping doesn't stop you from losing. The only
thing that stops you from losing is to bid the right amount, whether you
snipe or not.
> >Those of you crying foul overhaving an item sniped out from under
you...
> >"Too bad, so sad". You should have bid what you were willing to pay,
and
> >made sure that amount was more than what I was willing to pay.
>
> Right. And, eBay makes this point very explicitly in their FAQ.
>
> eBay's auction style works to the advantage of the knowledgeable
> buyer. It's similar to the old "auction by candle" style.
>
> An auction system which keeps the auction open until bids stop
> arriving tends to favor the seller, as it promotes real-time bidding
> wars.
The seller already has his options, reserve, minimum bid, buy it now,
etc.
> eBay may have made a very explicit decision *not* to use this auction
> style, for any of several reasons. One might be that an auction
> system which favors the seller, can end up with higher overall
> winning-bid prices, which would then tend to eliminate any reputation
> that the site has for being "a bargain place to buy." A lot of people
> feel that eBay is a buyer's-bargain marketplace, even though (as
> several people have noted) this often isn't the case.
If ebay was as bad as it has been portrayed here, then it wouldn't be as
popular as it is.
> >And that's the long and short of it: You anti-sniping folks are
crying
> >because you got something taken away from you by someone who knew
what
> >they wanted, knew what it was worth to them, and wanted it worse than
> >you did. Get over it.
>
> And, let's also note that using sniping works to the *dis*advantage
> of a sniper who doesn't think his/her "maximum bid" value out very
> carefully in advance. If you set your snipe time very close to the
> limit (so that it's a true snipe and not just a last-minute bid), and
> you don't exceed an earlier bidder's high limit, you have *no* time to
> react and re-bid.
Exactly. That hidden amount takes away much of the sniper's advantage.
> --
> Dave Platt <dplatt@radagast.org>
AE6EO
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