Hello SudaMafud,
Friday, February 23, 2001, 8:45:54 PM, you wrote:
> In a message dated 2/23/01 12:30:17 PM Eastern Standard Time,
> [EMAIL PROTECTED] writes:
> << Do people sit and watch these items until the last minute - is there an
art to bidding? >>>
> Yes, and no. "sniping" is an art (and risky business). You also have to have
> a little luck when you snipe.
I've only bid on one thing on eBay, and I got it. There is some sort
of mechanism, whose name I can't remember, which does this for you
automatically. Rather than bidding the maximum right from the start
you tell it your maximum bid, then it raises every other bid by the
smallest allowable increment until somebody outbids your maximum, or
you win. This means that 1. you don't have to watch it, which was
useful for me because the bidding on the thing I wanted closed at about
4am my time, and 2. if your maximum is $100- and the next person's
maximum is $50- you will get the item for $50 + minimum increment.
This was the case with me - I got the item for a little bit less than
my maximum bid.
On the item I wanted there was also, it seemed to me in retrospect, a
flurry of bids right at the end, and I assume that these were a series
of proxy (is that the word?) bids taking place.
---
Regards,
Bob
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