Mechanical Music Digest  Archives
You Are Not Logged In Login/Get New Account
Please Log In. Accounts are free!
Logged In users are granted additional features including a more current version of the Archives and a simplified process for submitting articles.
Home Archives Calendar Gallery Store Links Info
MMD > Archives > March 2005 > 2005.03.18 > 04Prev  Next


Internet Auction Bidding War
By Bob Klepner

Rob Case considers that the use of a snipe bidding programme is what
causes buyers to pay too much for items on eBay.  I think that actually
the opposite applies.

Snipe programmes do not just place a bid with an amount necessary
to top the last bid -- no matter what it takes, that is done by people
bidding as in a live auction in the manner that Rob approves of.

In this way people get caught up in a bidding war and keep placing
bids just to top the other guy's bid rather than what they really want
to pay for the item, losing sight of the "value" of the item.  Snipe
bidders have to do precisely what Rob approves of, i.e., nominate the
top price, in advance, that they are willing to pay for that item.
The snipe program will not place a bid in excess of that predetermined
amount.

I sometimes use such a bidding programme since eBay auctions frequently
end at a time like 4 A.M. when those of us, like me, residing "Down
Under" are sound asleep, since an eBay auction, unlike a live auction,
finishes at a predetermined time.  Others not living in the antipodes
could be away from access to a computer and have similar issues.

Yours from Melbourne, Australia,
Bob Klepner


(Message sent Fri 18 Mar 2005, 17:05:27 GMT, from time zone GMT.)

Key Words in Subject:  Auction, Bidding, Internet, War

Home    Archives    Calendar    Gallery    Store    Links    Info   


Enter text below to search the MMD Website with Google



CONTACT FORM: Click HERE to write to the editor, or to post a message about Mechanical Musical Instruments to the MMD

Unless otherwise noted, all opinions are those of the individual authors and may not represent those of the editors. Compilation copyright 1995-2024 by Jody Kravitz.

Please read our Republication Policy before copying information from or creating links to this web site.

Click HERE to contact the webmaster regarding problems with the website.

Please support publication of the MMD by donating online

Please Support Publication of the MMD with your Generous Donation

Pay via PayPal

No PayPal account required

                                     
Translate This Page