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ebay rant (short)



Actually 10.25 works a bit better, giving you 1 more level of bidding before
losing your item.
John

Dan wrote:

> Neal- you have proxy bidding wrong.....
> if the item is currently at: $4.99 and I place my max proxy bid for $10.00,
> the current high bid jumps to the next incremental increase...i.e.- $5.25
> (or whatever)....now, you come along and put in YOUR max bid of $15.00- NOW
> it goes back and forth (real fast) and you come out on top....AT $10.25- NOT
> $15.00
>
> ...with me so far? (I know you are Neal)
>
> NOW- what I like to do is watch the item, then, in the last 15 seconds or so
> (less if I'm at work on DSL), I bid. I win. I smile.
>
> The advantage is that the high bidder is caught off-guard and can't update
> his/her high bid fast enough. So many cheap-asses (tm)(no offence of course)
> put in their 'high bid' and it's ridiculously low for the product, if no one
> counters them early on, they become complacent and don't worry about
> watching it........that's when I come in and nail the item.
>
> Dan
> Tam-pa, FL
> '87 16v Scirocco
> '81 Rabbit Sportruck
> '00 Jetta
> http://home.earthlink.net/~danws69/index.html
>
> -----Original Message-----
> From: scirocco-l-admin@scirocco.org
> [mailto:scirocco-l-admin@scirocco.org]On Behalf Of Neal Tovsen
> Sent: Tuesday, March 26, 2002 11:02
> To: '84 Scirocco; EUROROC II; VW List
> Subject: Re: ebay rant (short)
>
> Funny you say that. IMHO, proxy bidding is the reason
> for inflated prices. If two people put in their proxy
> bids, one at $25 more than the current price, and the
> other at $30 more, the price will IMMEDIATELY make a
> $25 jump. Very good for the seller! "Bid snipping" is
> not good for the seller, but it ensures that the price
> stays as low as possible until the last few seconds of
> the auction. As a seller, the only way to limit this
> is through a reserve price, but that often discourages
> people from bidding...
>
> The happy medium for both parties is if bidders don't
> use proxy bids, and bid continuously throughout the
> auction. The price is only increased by people who are
> paying attention, and the seller is more likely to get
> a fair (but still low) price for their goods.
> Unfortunately, it doesn't often happen that way.
>
> In the end, though, it doesn't really matter. These
> are the rules of a (pretty good, IMHO) free
> marketplace. Sometimes you pay more. Sometimes you pay
> less. You are absolutely right: if the price goes
> beyond what you're willing to pay, stop bidding and
> move on.
>
> Neal
>
> --- '84 Scirocco <scirocco@macslut.org> wrote:
> > This is why people pay too much for stuff on eBay.
> > The benefit of proxy
> > bidding is that you can bid your max up front - if
> > someone beats you, well
> > then you move on, even if it was only by a penny.
> > That9s my philosophy
> > anyhow - besides I find eBay too expensive for most
> > things.
> >
> > Greg
> >
> >
> > --
> >
> >
> > '84 VW Scirocco
> > '01 Ford Focus ZX3
> > St. Louis, MO
> >
> > > From: Neal Tovsen <nealtovsen@yahoo.com>
> > > Date: Tue, 26 Mar 2002 07:55:05 -0600
> > > To: EUROROC II <flaatr@yahoo.com>,
> > scirocco-l@scirocco.org
> > > Subject: Re: ebay rant (short)
> > >
> > > I feel for you, man. But you gotta be there in the
> > > end! It's happened to me on a number of occasions,
> > and
> > > I've done it to other people too. That's just the
> > way
> > > it goes sometimes.
> > >
> > > What was it?
> > >
> > > Neal
> > >
> > > --- EUROROC II <flaatr@yahoo.com> wrote:
> > >> Don't you hate it when you find what you need on
> > >> ebay and bid on it.
> > >>
> > >> No one bids against you at all.
> > >>
> > >> Then 14 seconds before the end of the action some
> > >> one jumps in and out bids
> > >> you.
> > >>
> > >> Aaaaauuuuurrrrrggggghhhhh!!!!!!!!
> > >>
> > >> -Raffi
> > >>
> > >> The search continues...
> > >>
> > >>
> > >> _______________________________________________
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> > >> Scirocco-l@scirocco.org
> > >> http://neubayern.net/mailman/listinfo/scirocco-l
> > >
> > > =====
> > > ~Neal
> > >
> > > __________________________________________________
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> > Awards?
> > > http://movies.yahoo.com/
> > >
> > > _______________________________________________
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> >
> >
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>
> =====
> ~Neal
>
> __________________________________________________
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>
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