Reply to "Alright Auction Sniper, You're Fired. Time to find a new company."

rosetsuMember

Surely the disappointment of not being high bidder is a risk everyone takes in any auction? If you snipe there is always a risk that your bid will not be accepted. If you leave a high proxy bid you might drive someone else above your maximum. The OP does not know how high the winning bid was. It might have been over $50.

If you bid sensibly you should be second bidder at least as often as high bidder. Since I aim to be a sensible bidder, I reckon that the risk that a snipe fails is much lower than the risk that a proxy bid will drive another bidder over my maximum.

I am not a sniping purist, so in the OP's situation I would probably have bid manually to be the current highest bidder up to about $20. That would have helped me to be more philosophical when the snipe failed.

Good Luck in the future

12/15/047:40 AM

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