on 3/25/01 6:57 PM, John Mustarde at [EMAIL PROTECTED] wrote:
> On Mon, 26 Mar 2001 08:38:21 +1000, you wrote:
>
> snip
>
> If I really want something, I bid a carefully considered price during
> the last few seconds of the auction.
>
>
> This information is provided free of charge, and is worth at least
> twice the purchase price.
I usually follow a similar strategy. However, it can backfire. Last week I
spotted a mis-labled auction. It said "Pentax 645 55mm lens, case and film"
or something like that. think about what you would expect to be behind that
description . . .
What was offered in the auction was a Pentax 645, and a 55m lens, and a
camera case and 47 roles (sic) of film. This was a reserve price auction. I
decided my upper limit (about $300 higher than the bids as of 1 hour before
the auction closed.) I went on with my work. At ten minutes before auction
close I took a break, went back online, logged onto eBay, and could not get
this auction to load. Arrrrrrgh! I finally got on 5 minutes after the close
to find that the final bid was still below the reserve and still $200 more
or less lower than my upper limit. Bah humbug. I could have waited for a
relisting or just forgotten the whole thing, but instead I emailed the
seller, offered him my bid. He accepted. I'll never know whether I am way
over his rserve or if I am under but he just doesn't want the hassle of
relisting.
so anyway, I got lucky, but the "wait 'til last minute" has its risks, even
when on a reliable T1 line.
And this advice is worth twice what John was charging.
Stan
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