quote:
Originally posted by autophile:
Yes, but since people don't usually act rational especially when it comes to money, the price you're willing to pay will change many times over the course of the auction. Sure, technically you've won the auction if you paid twice as much as you should have. But did you get a GOOD price?
I disagree. IMHO, the price you are willing to pay should, ideally, NOT change many times over the course of an auction. The best way to snipe is to decide in advance how much you are willing to pay--the "this amount and not a penny more" price--set the snipe and let AS do the rest. If one keeps changing a snipe amount based on the current auction price, then one is exhibiting signs of nibbler behavior.
A "good price" is subjective. What I consider a good price, you may not, and vice-versa. The frequency that the item appears on eBay is certainly a factor, but my sentimentality or fondness for a particular type of item may cause me to place a larger snipe than you, because your personal interest is not as intense for that item as is mine. It may remind me of my grandparents and therefore I would pay $50 for an item you would never pay more than $20 for.
Decide your max and stick with it, regardless of whether there are zero or a hundred bids! That is what I say!
