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Re: snipers

I have lost 1000''s of auctions on ebay with last second bids. 100's of auctions by only ONE bid (although the higher bidder may have been willing to go even higher no matter what I bid). If I won every auction I bid on over the last 10 years, I would have so many coins, they would be coming out my ears (now they're only halfway up and sometimes it hurts),

Dick, if you are at an auction in person, the same sort of thing happens; someone can still outbid you until it's "GONE". When you reach your limit, that's it, whether you're the first bidder or the second last. Have you ever watched the Barrett-Jackson car auctions ? Someone thinks they are getting that Hemi "Cuda and, Whoops, someone else throws in another $10, 000. Sorry buddy, ti's mine

Here's scenario to think about. I see an auction on ebay that''s finishing in 7 days. I'm willing to go as high as $50 for it, so I put in a bid of $50. I'm the first bidder, so Ebay shows you only my opening bid at the seller's start price of $9.99. 7 days later, with 5 minutes to go before the end of the auction, you see the same coin still at $9.99, since no one else bid.

You are willing to bid $30, tops. You enter the bid and are told you've been outbid because my $50 bid is still registered, so now my bid jumps to $31. Your adrenolin starts pumping (that's part of the fun of the auctions!), you get anxious since there's now only 1 minute left ! You rush in another bid - $32.00, mine jumps automatically to $33.00. With 10 seconds to go, your fingers almost unable to use the keyboard, you manage to get a $34.00 bid in (&*$&@, I wasn't going to bid that much!).

More expletives will follow seconds later as my bid jumps to $35.00 and you're dead meat, outbid at the last second ( hopefully I offended all non-omnivores). You will figure I outbid you at the last second, because see only the $33.00, but I outbid you 7 days ago.

I'm also swearing a bit, because I could have had that sucker for $9.99, if it hadn't been for some &%#% bidder putting in his bids in the last 5 minutes.

Let's go back to the beginning. Someone else sees the auction just after me and will pay $60. As soon as he bids, whether it's 1 minute after me, or with 1 second to go, he was willing to pay more and that's it, that's the game.

Another example. I sometimes use an automated snipe tool to enter my bid in the last few seconds. I've looked through the auctions coming up, and found an 1859 DP cent in VF+, starting at $10, because the seller has no idea it's a rare variety. I don't want to bid now, because some other potential bidder (especially those pesky CCRS members) may be checking things and think "Hmm, how come someone bid $10 on that crappy coin?" Some guy named Dick has a closer look and "Holy cow, it's a DP #2 !! and starts bidding on the coin, until everyone is looking and the bid is now up over $100 and I'm toast because I could only afford to bid $75.

With the snipe tool, my bid of $75 is only entered in the last few seconds, so no one has been drawn to the auction by an earlier bid, and the auction closes with me as the only bidder, winning it at $10. WAAAAAHOO, what a bargain !!! (more adrenolin)

Before ebay started, I had exactly 0 Canadian colonial tokens. Now I have over 250. Before ebay, I had 2 1859 cents. In 2010, I was up over 300, many, many, costing only a dollar or two. Some have turned out to be $100+ coins. Before ebay, there was no place for a small budget collector to have the possibility of finding anything you wanted, or could afford. And with a lot of searching and luck, find so many non-identified rarities and varieties, and build a collection worth far more than what you paid. It's also a great place for me to resell all the extra stuff I've accumulated. Go into a dealer and try to sell some of this stuff and you'll get scoffed at.

Don't take a lost auction to heart. Wait a bit and there's another one. Maybe the next time no one else will bid and you'll make out like a thief.

Terry T, 2/11/2011
CCRS member since: 3/21/2002
Posts: 2353


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Postings in this thread

snipers (Dick, 2/11/2011)
 [this post has been deleted by its author] (2/11/2011)
  [this post has been deleted by its author] (2/11/2011)
 Re: snipers (Terry T, 2/11/2011)
  [this post has been deleted by its author] (2/11/2011)
  Re: snipers (Dick, 2/11/2011)
   Re: snipers (Terry T, 2/11/2011)
    clarification + photo (Terry T, 2/11/2011)
     Re: clarification + photo (Dick, 2/11/2011)
     [this post has been deleted by its author] (2/11/2011)
    Re: snipers (Dick, 2/11/2011)
  [this post has been deleted by its author] (2/11/2011)
   Re: snipers (Dick, 2/11/2011)
    Re: snipers (Centsational, 2/11/2011)
     Re: snipers (carpman, 2/11/2011)
      Re: snipers (Dick, 2/11/2011)
     Re: snipers (Dick, 2/11/2011)
    Re: snipers (Terry T, 2/11/2011)
     [this post has been deleted by its author] (2/11/2011)
      Re: snipers (Dick, 2/11/2011)
      Re: snipers (biggrassboy, 2/11/2011)
      Re: snipers (Dick, 2/11/2011)
     Re: snipers (Dick, 2/11/2011)
      Re: snipers (biggrassboy, 2/11/2011)
      Re: snipers (Dick, 2/11/2011)
 [this post has been deleted by its author] (2/12/2011)
  Re: snipers (Crossing St. Lawrence, 2/12/2011)
   Re: snipers (Centsational, 2/12/2011)
    Re: snipers (Dick, 2/12/2011)
     5000 or no deal ? (Terry T, 2/13/2011)
      [this post has been deleted by its author] (2/13/2011)
   Re: snipers (Dick, 2/12/2011)
  Re: snipers (Dick, 2/12/2011)

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