Auction Sniping Services

[Lemur]

Originally Posted by HIPPEEDUDE

Wow,thats so logically ingenious,i dont think anyone thought of that one before One small problem,you enter $10,000 on something you really want but some other bidder who really wants it as well enters a bid of $9,000,so you end up paying $9,001 for something worth possibly a few hundred dollars

That's a danger but has not happened at all. But the key is to win it then I can decide if I really wanna pay that price. If you don't win you don't have that option at all.

[KnightOfTruth]

Ingenious, I should've done that on that Halo press kit, darn!

[twistedsymphony]

Originally Posted by Lemur

I bid $10,000 for items I really want so I win them for sure. No need for sniping

unless you've got $10,000 in the bank that could be dangerous, you could get screwed over by shill bids or by someone else employing the same strategy as hippie said.

I can see if you really want something "no matter the cost" but I still wouldn't bid more than I could actually pay.

...unless of course you're actually good for $10K in which case I'd like to point out that I have a good many CEs for sale right now

[Brandon Storm]

As a seller; I love you guys.

As a buyer; I hate you.

[HIPPEEDUDE]

Worst case i know of is someone who wasnt going to be around for the auction end,so they bid a stupid number so they knew they would win. Well,good news for them they did win. Bad news for them final sale price $987.85 See,the problem is if someone gets outbid,more often than not they bid again & again. Sometimes its because they want to win,sometimes its for the sheer hell of it & sometimes they get curious as to how high will the auction go. All it takes is two or three bidders to really want something & the battle has begun. This is why we see stupid prices for things because theres a war on & its damn the cost or casualty of war. Often theres at least one bidder in the war that doesnt want it anymore but they will make sure as hell the other bidder is going to pay stupid money for it.

[SwiftDeath]

Originally Posted by HIPPEEDUDE

Worst case i know of is someone who wasnt going to be around for the auction end,so they bid a stupid number so they knew they would win. Well,good news for them they did win. Bad news for them final sale price $987.85 See,the problem is if someone gets outbid,more often than not they bid again & again. Sometimes its because they want to win,sometimes its for the sheer hell of it & sometimes they get curious as to how high will the auction go. All it takes is two or three bidders to really want something & the battle has begun. This is why we see stupid prices for things because theres a war on & its damn the cost or casualty of war. Often theres at least one bidder in the war that doesnt want it anymore but they will make sure as hell the other bidder is going to pay stupid money for it.

Right and that's called inflating an auction

Dangerous game though if you end up the highest bidder

This is why I think my third pro (point) for sniping is valid

Placing a snipe forces you to evaluate how much that item is to you

Helps you keep things in perspective better imo

[HIPPEEDUDE]

Originally Posted by SwiftDeath

Right and that's called inflating an auction

Dangerous game though if you end up the highest bidder

This is why I think my third pro (point) for sniping is valid

Placing a snipe forces you to evaluate how much that item is to you

Helps you keep things in perspective better imo

Not really,theres still a possibilty of someone using said snipe service & still entering a silly amount in an effort to win. Still wont work you say,well what if the current highest bidder also put in a stupid amount. You enter your snipe at say $500 believing it wont go near that & your safe but assured of a win. However the current highest bidder unbeknown to you has entered $420 or something like that. Bingo,stupid price payable & item still sold for stupid price. It can & has probably happened more times than anyone realises me thinks. I think its called infinite probability

[SwiftDeath]

Originally Posted by HIPPEEDUDE

Not really,theres still a possibilty of someone using said snipe service & still entering a silly amount in an effort to win. Still wont work you say,well what if the current highest bidder also put in a stupid amount. You enter your snipe at say $500 believing it wont go near that & your safe but assured of a win. However the current highest bidder unbeknown to you has entered $420 or something like that. Bingo,stupid price payable & item still sold for stupid price. It can & has probably happened more times than anyone realises me thinks. I think its called infinite probability

I suppose this is appropriate

A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools.

[HIPPEEDUDE]

Originally Posted by SwiftDeath

I suppose this is appropriate

A common mistake that people make when trying to design something completely foolproof is to underestimate the ingenuity of complete fools.

I raise your Douglas Adam with an Albert Einstein

"Every day, man is making bigger and better fool-proof things, and every day, nature is making bigger and better fools. So far, I think nature is winning."

[SwiftDeath]

Originally Posted by HIPPEEDUDE

I raise your Douglas Adam with an Albert Einstein

"Every day, man is making bigger and better fool-proof things, and every day, nature is making bigger and better fools. So far, I think nature is winning."

Touche good sir

I still say sniping helps control what you're willing to pay if even just by stopping you from getting into a bidding war