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Bidder Psychology On Ebay--Explain This:

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DVCollector's Avatar
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 Posted 03/05/2012  4:10 pm Show Profile   Bookmark this topic Add DVCollector to your friends list Get a Link to this Message Number of Subscribers
A bidding history on an auction I just won. What I don't quite understand is...if someone is so determined to keep the high bid, why don't they try to cover themselves at the very end? Perhaps it's just me, but I see no reason to run up the price before bidding closes--which in any case, was still a good price.

Bidder-Psychology-On-Ebay--Explain-This:
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ErrorCoins222's Avatar
United States
1699 Posts
 Posted 03/05/2012  5:10 pm  Show Profile   Bookmark this reply Add ErrorCoins222 to your friends list Get a Link to this Reply
I have often thought the same thing, but I'm glad that people do bid it up early on. Sometimes I think this behavior helps me win an auction at a price I want, and other times it runs the price up too high for me.
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 Posted 03/05/2012  5:19 pm  Show Profile   Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
Generally, that's a rookie play, but the 611 feedbacks may shoot down that theory. Then again, that could just be 2 auctions with this guy.
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oih82w8's Avatar
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 Posted 03/05/2012  5:21 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Shill bidding? I have seen this too many times when bidding on a couple of decent Trade dollars.
Edited by oih82w8
03/05/2012 5:22 pm
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vermontensium's Avatar
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 Posted 03/05/2012  5:22 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I've seen this many times. I have two theories.
One, he just does not want it that bad or, my paranoia, their out to get me :)
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Tim Stroud's Avatar
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2661 Posts
 Posted 03/05/2012  5:30 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply

Quote:
I have often thought the same thing, but I'm glad that people do bid it up early on. Sometimes I think this behavior helps me win an auction at a price I want, and other times it runs the price up too high for me.



I have found that if I put in a bid 2 or 3 days before an auction ends for Around $5 less than what I am actually willing to pay works for me. Someone will come in around the last 10 minutes or so of the auction ending and systematically bid me out. I then wait until the last 5 seconds or so and place a bid for my "buy price" and still manage to win the item for a few bucks less than what I was willing to pay. This strategy works well for large coppers, around a 90% success rate, but not so good with silver coins. The silver I want seem to go for a premium over Numismedia listed FMV so I just get out bid no matter what nearly every time.
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 Posted 03/05/2012  5:57 pm  Show Profile   Bookmark this reply Add weavus135 to your friends list Get a Link to this Reply
maybe I'm missing something in the OP but it looks like bidder o***r tried to bid on Mar 4. His bid was the same 1***1. so he rebid .50 more. On the 5th 1***1 started to bid. it took a few to get to $20 which wasn't high enough for his 'protection' or maybe not high enough to over bid the $19.95 so he bid $22. And then you came in and out bid him in the end. Perhaps his bidding was already as high if not higher than he wanted to go at $22. This doesn't seem strange to me but like I said maybe I'm missing the subtly of the OP
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trdhrdr007's Avatar
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2335 Posts
 Posted 03/05/2012  6:02 pm  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list Get a Link to this Reply
I thought that when a bidder has the winning bid 2 or more times in a row it means they put in a max bid. Someone else attempted to out bid them with a number less than their max, resulting in the 1st bidder still being the winning bid at a higher number.
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Billie's Avatar
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592 Posts
 Posted 03/05/2012  6:44 pm  Show Profile   Bookmark this reply Add Billie to your friends list Get a Link to this Reply
I see nothing wrong with this...i usually have my max bid for an item & that's it...or am I missing something too?
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DVCollector's Avatar
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10045 Posts
 Posted 03/05/2012  6:54 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
I see nothing "wrong" here either--just curious why somebody would actively outbid all others and then let themselves be outbid in the end--inexperience perhaps? (The coin sold for almost 1/2 a dealer's store price--so I can't believe price was the issue.)
Edited by DVCollector
03/05/2012 6:55 pm
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 Posted 03/05/2012  7:01 pm  Show Profile   Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
Automatic bids aren't shown, here's my take:

He discovers the item on Feb 27 and bids GBP 10 and is in first place.
He's outbid yesterday.
Today he wakes up and sees he's outbid with GBP 11 or 11.50 showing (I don't know the GBP increments).
Over the course of 2 minutes, he bids 12, no luck. Same with 13, 15, 18.
Finally at GBP 20, he's in first, but only 5 pence ahead, so the world knows 20 is his current max bid and 20.50 or 21 would overtake him, so he ups it one last time to 22, the highest he was willing to go.

I think if you click Show Automatic Bids, you'll see he wasn't in first during those 2 minutes where he bid 6 times.
Edited by OneBowl
03/05/2012 7:02 pm
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KenKat's Avatar
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4085 Posts
 Posted 03/05/2012  7:46 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
with OneBowl.

It is confusing because it is not in date order - so there were several attempts to outbid a previous bid that appear in the list to have come before the higher bid, but if you look at the dates, they did not.

I refer to these types of bidders as "nibblers", who will keep bidding until they are ahead. One of the big reasons to snipe in my opinion.
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DVCollector's Avatar
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10045 Posts
 Posted 03/05/2012  8:14 pm  Show Profile   Bookmark this reply Add DVCollector to your friends list Get a Link to this Reply
with OneBowl as well. It's all explained in automatic bidding; he kept "nibbling" against o***r( 152)'s autobids and "won" by 08:21:59 PST. Then, I came in at 11:12:41 PST.

Quote:
One of the big reasons to snipe in my opinion.
Yes, especially against the "nibblers"--sometimes I win, other times I don't--but my bidding stays unemotional this way.
Edited by DVCollector
03/05/2012 8:25 pm
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Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 03/05/2012  8:15 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
I agree with Ken Kat: I bid once, right at the close, which is commonly called "sniping". I see no point in "beating the price up" with incremental bids.
I use ebay to buy car parts. I have watched a 99-cent item for nearly a week - still no bids. So I put in a $75 bid, with an hour to go, and I'm off to the cinema. I come home, and there were eight bids in the closing 90 seconds. Some of these were incremental - a waste of time. The winner was a sniper. I would never have won, because I wasn't willing to beat his price. C'est la vie.
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XavierOfGreen's Avatar
United States
2589 Posts
 Posted 03/05/2012  8:18 pm  Show Profile   Bookmark this reply Add XavierOfGreen to your friends list Get a Link to this Reply
I had someone pay me nearly twice conversion value on a bunch of junk circulating UK coins the other day, some bidders just want to buy lots no matter the cost I guess.
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erkle's Avatar
1119 Posts
 Posted 03/05/2012  8:25 pm  Show Profile   Bookmark this reply Add erkle to your friends list Get a Link to this Reply
i have been outbid by someone called 1****1 several times. and another who often outbids me is o*****1. was happening so often I started wondering if it was an ebay scam to up the bids.
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