Lost an auction last night, but on looking at the bids, I thought, what an AS textbook example!
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Vintage Magazines<<
I had been monitoring this all week, but, unusually, had no clues as to who was interested. (certain collectors, as I do, sometimes place an exploratory bid) Few page views (hint, if you are selling something, I'd leave the counter off - it gives too much away!) In the end, I had simply to make my mind up and leave it to Auction Sniper.
I guessed wrong! However, I did bid the most I thought the book was worth - to me. I have no regrets and I think that is what a lot of newcomers have - they simply do not bid the most they want to pay!
There was only one other bid. He left it to 19 seconds before the end (possibly a manual sniper) I had no time to respond as I didn't know what he had bid as it just went to the start price of £4.99. A few seconds later, I knew - he wanted this book more than I!
An ideal demonstration of what sniping is about - no bidding wars early on artificially driving up the price. Simply two people after one book, both bidding their maximum at the end.
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