[GreenKeys] eBay

[Peter Gottlieb]

On 12/10/2011 1:28 PM, Richard wrote:
>
>
> Aren't we all forgetting that it's the HIGHEST bid that wins, no
> matter what time it was placed?

Of course, but that ignores the effect of psychology.  Before I went to 
sniping I lost many auctions where someone kept bidding until they beat 
me.  This "must win" mentality is what has led auctions to get to absurd 
prices.  So for me, I still bid the maximum I would be willing to pay, 
but I do it via snipe.  If the price has risen to over that amount, I 
lose.  But I find myself winning a lot more auctions now.  When I first 
started sniping I had a rather large list of items I was trying to get.  
I got them all via sniping for far less than I had been budgeting using 
regular bidding.  Anotherwords, I was buying items at a rapid pace for 
prices which had consistently been insufficient previously.