Re: auction bidding

[Squid Loop <tentacle_joe@yahoo.com>]

But bidding 10 seconds before the auction closes gives
little chance for somebody else to notice your bid and
attempt to outbid you so you usually get the item for
much less than you would have if you had bid 15
minutes, hours, or days before.

So if my max bid was $50 and the auction is at $10 by
bidding 10 seconds before end of auction will give any
other bidders less chance to raise the price from $10
- $50 causing me to only spend $10 :)

Early bidding just raises the price (via impulse bids)
which is good for the seller but not for the bidder.





--- Mark Hamburg <mark_hamburg@baymoon.com> wrote:
> eBay will bid you up to your limit gradually anyway.
> If really concerned,
> you could place a bid with a limit 15 minutes before
> the auction closes.
> 
> Mark
> 
> on 2/25/03 9:46 AM, Greg House at
> ghunicycle@yahoo.com wrote:
> 
> > --- Mark Hamburg <mark_hamburg@baymoon.com> wrote:
> >> Or you could just figure out how much you are
> willing to pay and set your
> >> limit based on that.
> > 
> > What? That would make the entire auction thing
> unprofitable!
> > 
> >> Can someone tell me what the expected benefits of
> last minute bidding are?
> > 
> > Presumably the benefit of last minute bidding is
> that you get the item for the
> > least possible price, since you don't bid it up
> ahead of time and there are
> > probably less bidders actually in the fray at the
> last minute.
> 


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