Part of determining what one should bid is the value of the item. An individual’s value can be very subjective, and could well be under priced. After all, everyone wants to pay the least amount possible. A more objective valuation is the market price, or what others are willing to pay. Finding out what others are willing to pay often influences what an individual is willing to pay. It’s very common, if not universal, to find out what others have paid for a similar item and base one’s purchasing decision on that information. Even on ebay, if one researches what an item typically sells for, they are in essence allowing others to control their bid amount, which is the same as changing one’s max bid on a snipe, only the latter doesn’t require the research time wading through completed auctions.
quote:
that is just another form of nibbling
Not really. Changing one’s snipe bid is more like a bidding skirmish, as there are a lot fewer shots fired.
quote:
defeats at least part of the purpose of sniping
Which part would that be? Would that be winning the item without letting others know your intentions?
Remember, it’s much easier to establish a max bid amount and stick with that amount on lower priced items. I know Chatter agrees with that.
