Auction Sniping Services

[Lemur]

Originally Posted by HIPPEEDUDE

Entering a $10000.93 bid has its logic to a point. Sure you may win the auction but theres a steamroll effect where other sellers see the stupid price it supposedly sold for & then inflate their prices accordingly. Doing this is almost just as bad as bidding on something you have no intention of buying,you just want to see how high it will go if its to high you dont pay or you retract your bid. Either way the next time it or a similar item is listed its done so at at a ridiculous price to match what it "apparently" sold for previously.

I have never had an unpaid item, the auctions ended at reasonable prices I was willing to pay.

As for inflating prices, if nobody buys at those prices they will come down. The high price may even attract more sellers to sell on. Result would still be a general drop in price. The price is only sustained by buyers willing to pay.