P3D Re: ebay question

[michaelk@xxxxxxxxxxx (Michael Kersenbrock)]

> that is way more than you were willing to pay. But if the winning
> bid wins by only a few dollars, often times you'll come to the
> conclusion you would have bid a few more dollars to win the auction
> if you had the chance. 

If so, one may have come to the wrong conclusion.  The ONLY one
who knows what the winner's bid was the winner him/her self. One
can't tell from the results.  The winner's bid could have been ten 
times the  winning amount.  Just because someone was a sniper 
doesn't mean (s)he bid low.  When I snipe, I sometimes will have
bid twice what I won it at.

It's very unlikely that a last minute bid just a few dollars over
the existing bid will win (speaking from my experience anyway), even 
if one is the only last minute bidder (which is rare as well).

Mike K.

P.S.- In "real" auctions, it's the people who bid "at the end" who
      win the auction too.  :-)


------------------------------