MdntTrain wrote:
> On Apr 18, 3:10 pm, Payton Byrd <plb...@[EMAIL PROTECTED]
> wrote:
>
>>On Apr 18, 1:29 pm, "Michael J. Mahon" <mjma...@[EMAIL PROTECTED]
> wrote:
>>
>>
>>
>>
>>
>>
>>>Steven Hirsch wrote:
>>>
>>>>Michael J. Mahon wrote:
>>
>>>>>vcgm.gro...@[EMAIL PROTECTED]
wrote:
>>
>>>>>>Items can be posted in auction format (buy-it-now can be used for
flat-
>>>>>>rate sales) with descriptions and a photo gallery for each. Bids on
>>>>>>items within the last two minutes of an auction will extend that
>>>>>>auction by 30 minutes, making sniping a thing of the past.
>>
>>>>>...and making emotional p***ing contests in the middle of the
>>>>>night a thing of the present. ;-)
>>
>>>>>Think about the price that would make you a satisfied buyer if
>>>>>you won and a satisfied loser if you didn't--then snipe that bid
>>>>>to protect it from people who like to steam open envelopes...
>>
>>>>>As you can see, I much prefer sealed-bid auctions. ;-)
>>
>>>>I can think of one good way to outright discourage sniping. Introduce
a
>>>>random posting dither to any bids placed in the last few minutes, with
>>>>the uncertainty growing higher as the finish time approaches. That
>>>>should neatly prevent the pile-on of automatic snipes in the last few
>>>>seconds.
>>
>>>I greatly prefer snipes--all snipe bids are "sealed bids".
>>
>>>Sealed-bid auctions are free from emotional bidding, which leads to
>>>bids more accurately reflecting the value of the item to the bidders.
>>
>>>Sellers may prefer emotional interactive bidding, which often leads
>>>to irrational prices.
>>
>>As a seller I much prefer the eBay method of ending the auction when
>>the auction is scheduled to end. I believe Yahoo Auctions did the
>>automatic 30 minute extension and I remember it being very frustrating
>>to wait for hours to get another $0.50 in bids. The eBay system of
>>defining your maximum bid is the simplest (and most effective) way to
>>ensure that the interests of both the buyers and sellers are
>>protected.- Hide quoted text -
>>
>>- Show quoted text -
>
>
> I agree with Payton.. and as both a seller and a buyer on ebay, I
> don't see anything wrong with sniping. As a seller, I can protect
> myself with a reserve price, and as a buyer, hey, if everyone justed
> entered really at any time, the bid at which they'd be happy if they
> won or ok if they lost (as Michael said), then it doesn't matter
> whether there's sniping or not.
My only problem with entering my desired final proxy bid early is
that I observe many bidders who, seeing an early bid in the lead,
like to "poke" at it and incrementally drive the bid up.
Put another way, many bidders do not have a rational approach to
bidding, but are "egged on" by the competitive aspect of ****ging
the leading bid out of the way--thus running the price up to the
lead bidder's maximum and possibly winning the item by a minimum
increment.
I prefer to show no indication of interest or maximum bid until
the end of the auction.
-michael
NadaPong: Network game demo for Apple II computers!
Home page: http://members.aol.com/MJMahon/
"The wastebasket is our most im****tant design
tool--and it's seriously underused."
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