P3D Re: ebay question

[jacob@xxxxxxxxxxxxxx (Gabriel Jacob)]

>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.

Problem is you won't have the chance to bid up higher to "see" if
it's only a few dollars higher (which often times is) by rebidding. 
If you don't outbid him on the second try no problem but you don't
get that chance to know. 

>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).

Not true. You put your maximum bid early and you often loose and
often as not it will be by a few dollars. So why do it (bid early)?
Why do you snipe? Rhetorical question! Because you know you have a
better chance and at the end it often does bring the cost down.

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

Difference is in "real" auctins, EVERYONE has a chance to bid at the
end when they know the TRUE high bid. NOT the case with ebay.

Gabriel


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