[time-nuts] OT: eBay bidding question
SAIDJACK at aol.com
SAIDJACK at aol.com
Sat Apr 28 19:17:17 EDT 2007
In a message dated 4/28/2007 15:59:47 Pacific Daylight Time, didier at cox.net
>I believe this is correct, that is where sniping does not work too well
>(manually or automatically). If you wait for the last second, and your
>bid is below the reserve, you may not even realize until after the
>auction is over. It actually still works the way I want it to. I bid as
>high as I am willing to pay, and if it's too low, I don't get the item.
>Pretty simple. Frustrating, but simple :-)
Well, you can also contact the seller after the auction and offer them to
buy the item A) in a private auction B) outside of Ebay (against their rules I
think, not sure if this counts for failed auctions as well), or tell them to
relist it with a more realistic price. One would be surprised how many sellers
are just itching to get rid of their items, even below their original
reserve once they went through an unsuccessful listing... One just has to be a bit
Also, a reserve if used successfully is a way to prevent having to sell an
item well below a pain point to the seller. A reserve with a low initial bid
is a way to get around human nature and make people start bidding, which - as
said earlier by someone else - will make the flock go crazy once an initial
(low) bid has been placed by someone. It's all about human nature.
The most interesting experience about auction addiction (similar to gambling
addiction in my opinion) is going to a real life Test & Measurement auction,
and seeing the unsuspecting crowd sit in front and the following happen:
* Bidders bid against themselves. This happened so far in every auction I
went to. The Auctioneer just loves these kinds of naive folks, and it makes
for nice entertainment.
* Bidders bid against an imaginary bidder, the auctioneer will call a bid
from the "back" of the room that does not exist. Who can prove this
happened. Thats why the professional bidders sit as far back in the room as possible.
I have also witnessed this numerous times.
* Bidders get into an adrenaline rush, and bid up items far beyond their
new retail price. One would be surprised, this happens ALL the time,
especially for high-desirability items such as laptops etc.
* Bidders will buy sight-unseen. I went to a recent auction where there
were about 12 Agilent Spectrum analyzers for sale. Most of them had stickers on
them "Repair" etc. I tried them all, all of them broken in one way or
another. Again human nature prevailed and folks bought them in a buying frenzy with
no return right for outrageous prices (far above what one would pay on Ebay)
- the pro's were just sitting back and asking themselves what in gods name
is going on - LOL.
Ebay is great if you have a good strategy on how to use it. No buyers
premium, world-wide sourcing, $2K insurance, great prices if you wait long enough.
I have so far found everything I needed on it at the price I wanted to pay.
For one item (a 2GHz scope plug-in) this took me over two years to do, but in
the end I got it :)
************************************** See what's free at http://www.aol.com.
More information about the time-nuts