Ah, but what is a "snip?" Definition for noun and verb, please.
Noun...bird verb... hide and surprise attach
Since we are not talking about birds...it must be the lurking soul waiting to ambush (snipe, as in sniper)
at the auction close.
rsmiller40
Since we are not talking about birds...it must be the lurking soul waiting to ambush (snipe, as in sniper)
at the auction close.rsmiller40
I will surmise that in auctions where there is active bidding going on between two or more contenders (nibblers, of course), sniping probably keeps the closing price down.
OTOH, in auctions where there is little bidding activity--perhaps only a bid or two--then my snipe ends up increasing the final price, where it otherwise would have stayed lower. You may say that an earlier proxy bid by me in the same amount would have had the same result. This may be true, but the point is that in low-activity auctions, the price was raised by my bid, whether it was an early proxy bid or a late snipe. The seller takes home more than he would had I not bid at all.
In the first situation the closing price was lower due to my snipe. In the second,it was higher.
OTOH, in auctions where there is little bidding activity--perhaps only a bid or two--then my snipe ends up increasing the final price, where it otherwise would have stayed lower. You may say that an earlier proxy bid by me in the same amount would have had the same result. This may be true, but the point is that in low-activity auctions, the price was raised by my bid, whether it was an early proxy bid or a late snipe. The seller takes home more than he would had I not bid at all.
In the first situation the closing price was lower due to my snipe. In the second,it was higher.
That's pretty close to it, Chatter, but why the red face? 
rsmiller40
rsmiller40
quote:
Originally posted by Steve:
Ah, but what is a "snip?" Definition for noun and verb, please.
"snip " (noun)
1: any of various usually slender-billed birds of the same family as the sandpipers; especially : any of several game birds (especially genus Gallinago) especially of marshy areas
2 : a contemptible person
"snip " (verb)
1 : to shoot at exposed individuals (as of an enemy's forces) from a usually concealed point of vantage
2 : to aim a carping or snide attack
Example: "In sniping, I snip the closing price of an auction."
Yes, Rick, I said the same thing in two postings,one in more detail than the other. And, do we not agree that this is what we set out to do?
rsmiller40
rsmiller40
Another benefit of sniping to snipers is that is causes the snipe to compete with the current high bidder's proxy max. In other words, if the high bidder's max is $75, but his current high bid going into the final minute only shows as $44, rather than my $80 snipe simply raising to final bid to $45, it will raise it to $76. That should certainly make the seller happy. 
You bet it does. It made me very, very happy last 
rsmiller40
rsmiller40
quote:
Originally posted by Chatter163:
rather than my $80 snipe simply raising to final bid to $45, it will raise it to $76. That should certainly make the seller happy.
ALL successful bids, including proxy bids, raise the closing price. The issue is, might not that snipe placed as a proxy bid cause a bidding war, there by making the seller "much more" happy?
Let the nibble go on!
Mrs. M,
I think I was right. My "Round Two" and "Round Three" posts haven't been dealt with in their entirety. I think I've only gotten cliches, and a bit of nibbling.
(boy, if that doesn't get Steve, or someone else fired up, nothing will)
I think I was right. My "Round Two" and "Round Three" posts haven't been dealt with in their entirety. I think I've only gotten cliches, and a bit of nibbling.
(boy, if that doesn't get Steve, or someone else fired up, nothing will
)
I'm sitting back and watching and waiting.
rsmiller40
rsmiller40
What day and time is the best to end your auction?
rsmiller40
rsmiller40
My personal favorite is Sunday evening between 6pm and 10 pm.
Seems to be the most popular time for people to be home and on their computers.
-bjt
Seems to be the most popular time for people to be home and on their computers.
-bjt
Eastern?
rsmiller40
rsmiller40
Central
Do you restart another auction at that time or wait til the next Sunday?
rsmiller40
rsmiller40
Actually, I don't sell all that much - buy mostly, but my relatives sell quite a bit on eBay and they use Turbo Lister to continually list 10-20 items every Sunday evening, so as soon as one set of auctions is up, the other set is in the que ready to be posted.
They have had quite a bit of succcess with it and now have regulars that buy antiques qnd collectibles from them.
They have had quite a bit of succcess with it and now have regulars that buy antiques qnd collectibles from them.
So, they actually run it from Sunday to Sunday? I have never used turbo lister, but I may try it this winter when I start selling a lot of things again. Anyway, thanks for the input. Sunday has been good for me, but it was sort of just an accident that my auctions ended that way.
rsmiller40
rsmiller40
Hello -- !!
I don't think anyone has mentioned bid groups in this discussion yet. I like to snipe using bid groups if a) I only want to win one copy of an item or b) if I need to manage my spending total for the week.
Thank you and best wishes,
BDS
I don't think anyone has mentioned bid groups in this discussion yet. I like to snipe using bid groups if a) I only want to win one copy of an item or b) if I need to manage my spending total for the week.
Thank you and best wishes,
BDS
Big Steve, I am certain it really does save you money..sort of like shopping prices at all the stores and then going back for the best deal...all from the convenience of your lil' ol' computer!
rsmiller40
rsmiller40
I decided to snipe both because I have a very slow net connection and I lost an item last week due to having fallen asleep in front of the TV when the auction I was bidding on ended!
However...having read what people are saying here I've realised that I really had things round the wrong way. The reason that I lost that auction is not really that I was asleep, it was that I hadn't bid my maximum on my proxy. The fact that I was cross when I realised what the item had gone for means that I was prepared to pay that much!
I'm now sniping my auctions because I can see that not letting others see I really want that item will (hopefully) help me get it within my price range, and because it helps restrain me from bidding more than I really ought to.
So you see....you gang teach people about more than just sniping - it's self awareness training, too!
SuperSqueaky
However...having read what people are saying here I've realised that I really had things round the wrong way. The reason that I lost that auction is not really that I was asleep, it was that I hadn't bid my maximum on my proxy. The fact that I was cross when I realised what the item had gone for means that I was prepared to pay that much!
I'm now sniping my auctions because I can see that not letting others see I really want that item will (hopefully) help me get it within my price range, and because it helps restrain me from bidding more than I really ought to.
So you see....you gang teach people about more than just sniping - it's self awareness training, too!
SuperSqueaky
AuctionSnipe as a self-help tool, huh?
You know, I can really relate to your scenario of falling asleep or getting busy with something and missing an auction I wanted to snipe.
I'm still mad at myself for losing an auction because I got caught up in painting a room and had been checking and refreshing the item page every couple of minutes, waiting for the right moment to snipe.
Wouldn't you know, I spaced it for a few moments and BAM! I missed the darn auction!
Not anymore, though!
I am sold on AS! It has taught me a lot too. Thanks to AS, I never place proxy bid anymore and I haven't stayed up past my bedtime to catch the end of an auction in a long time!
-bjt
You know, I can really relate to your scenario of falling asleep or getting busy with something and missing an auction I wanted to snipe.
I'm still mad at myself for losing an auction because I got caught up in painting a room and had been checking and refreshing the item page every couple of minutes, waiting for the right moment to snipe.
Wouldn't you know, I spaced it for a few moments and BAM! I missed the darn auction!
Not anymore, though!
I am sold on AS! It has taught me a lot too. Thanks to AS, I never place proxy bid anymore and I haven't stayed up past my bedtime to catch the end of an auction in a long time!
-bjt
I Snipe #1 to save me money. Sometimes I don't win and the proxy bidder does, raising the amount to the seller. The seller is the winner of my sniping. Sniping keeps me from getting caught up in the bidding frenzy by pre-deciding what I am willing to pay for the item. I snipe #2 because a lot of the items I am interested in close after my bedtime here on the East coast and proxy bidding often cost me money. As stated earlier, a quick check in your category of interest in the early AM often results in great buys on "Buy it now"
You are right, Gabob. I have found that early morning searches have shown me some great Buy It Now opportunities. I used to depend on the eBay daily search e-mails to alert me to these, because they used to be done within the first 12-24 hours an item was listed. I still get those same eBay e-mails, but they are usually several days after the item was listed. I guess the volume of eBay auctions made the quick turnaround impossible.
So, when motivated, I do an early morning eBay search (listed in order of "items newly listed") when I arrive at work, as part of my normal e-mail routine.
So, when motivated, I do an early morning eBay search (listed in order of "items newly listed") when I arrive at work, as part of my normal e-mail routine.