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3 replies

For beginners - the perfect Auction Sniper example

cameracameraMember
Lost an auction last night, but on looking at the bids, I thought, what an AS textbook example!

>>
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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puppyraiserpuppyraiserMember
Not much to the following, but here it is:

The following table has been reorganized and sorted into date order.  First
bid placed is line #1.  That should make it easier to follow the auction.
Two additional columns have been calculated and added.  They are the current 
bid and high bidder, as displayed on eBay after each bid is placed.        v2.2.08
* = Winning bid. (may be less than actual maximum entered.)
 
                    Max                       Current Winning
 #    BIDDER        Bid      Day & Time        Bid  &  Bidder
                   (GBP)
  1   rogprov      *12.00   17-Mar  22:02:56    4.99   rogprov      
  2   paulatukcame  11.50   17-Mar  22:03:09   12.00   rogprov      
        End                 17-Mar  22:03:15


bartelbybartelbyMember
quote:
True indeed, though I think that references to "exploratory bids" (though not in this particular auction, I realize) and "having no time to respond" sound very un-sniper like. INMHO,the key, as you point out, is to make up one's mind and leave it


It doesnt matter how you play the game, as long as you come out the victor!

IMNAHO (or should that be IMNPSO?)...the key point is, to win without paying more than my Maximum

Lexie

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