Sniping On Ebay - Does It Really Work?

I know sniping works. It just bugs me. For exactly the reason that you gave an example of, kenkat.

I just wish I could put in my high bid and not look at it again until it closed. Of course, I wish that the Olympic coverage would quit pushing figure skating on me, too. But that ain't gonna happen!

How about if you couldn't bid more than once on an auction? You put in your TRUE high bid, and that's it. Wouldn't that make sense?

You are supposed to bid the maximum amount you want to spend. Yeah, I know, it doesn't work that way in real life.

I understand the reason for sniping. I don't like the situation that makes it necessary. I am serious about the one bid idea. I think it would work well.

I started to type that no seller would volunteer for that, because they get more money because of snipers. But, actually, it might work. It would force people to put in there very highest maximum bid, and those people that always bid too much would put in some big ones, sometimes.

Well, it's all wishful thinking on my part. It'll never happen.

I think this guy says it best. It is a quote from an e-bay listing. (the guy selling a Morgan for $8...with $94 shipping)

I can't see that working when most bidder's appear within the LAST few minutes/ moments.....its always been a garage style bidding where you want to buy at the lowest price, anyone thinking that is a fool. ebay has always had a history of last minute bidders so...THE BID ISN'T so high 2 days before the end of auction......the something for nothing or less than its worth is the self governing motive......they all know what they want to spend, its the guy who want's to bid 2 bucks a bid, 5 times at the end of auction who's loosing to a dollar over his bid at the last second because he didn't choose a ceiling price....Seated Nut put it nicely......choose a price your willing to spend even if its more
choose, if it goes over......bid on the next time it comes around....
even the sniper has to choose his max bid......if you bid $55 but would have bid $75 and lost to $56, who's to blame?

kaaapoww! Or however you spell that... I just won another auction where I bid the highest I was willing to pay (3 days before close) and watched the snipers have at it. However, they missed!! Bummer for them. Me, I still paid less than the max I wanted to pay. Kaaapoww! OH, and it was below Krause including shipping...

If bidding on coin x and it is a known commodity in a verified grade, I would agree to place your highest bid and wait.

If the coin is represented as common coin x, but because of your extensive research, knowledge, and effort you know that it is actual rare variety x, the last thing I want is someone else to see any interest in this coin. Interest and bidding activity gets folks "thinking" and looking harder at the coin. See you with 3 seconds left with the most I'm willing to spend on it.

Bring it on boys and girls!!

Just kidding. I doubt I'm even in the same class as you guys. I'm collecting world OFEC and grading isn't even on my radar for price range.

Although I guess I just don't see how not bidding on it discourages others from seeing the value. there are at least 6 of you who do the same thing...so it seems to me that if everyone does the same thing, there is little advantage unless you just simply are going to bid more anyway. It is sort of like the Final Jeopardy catagory, you all know the answer and now it is a matter of outwitting your opponent on the bid amount.