Quote:
Originally Posted by Twistedsymphony
eBay works mostly like Silent Auction... you have a time limit in which you can place your bid, it doesn't matter if you place it in the first 5 seconds or the last 5 seconds, the highest bid wins...
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Not entirely correct. eBay is a standard english auction type-- you can see if you have been outbid, you get immediate feedback on whether you are winning or not when you place a bid. A silent auction is silent. You place your bid anytime, at the end of the bidding period you see if you win.
The practice of sniping makes ebay almost like a silent auction. If 3 people are sniping, then neither has the opportunity to respond (even though they know if they did not win with their bid). eBay typically doesn't want this though.... with an english auction you know you didn't win and can re-evaulate you max bid
= more $$ for seller and more fees for ebay.