[Mccoypottery-talk] bidding strategy

[Chris Jubic]

I for one, ALWAYS enter my high bid first. That is the most I am willing to
spend on the item. I do not have to "close watch" the auction, I just merely
wait it out. If I do get out bid, not a problem, as I didnt want to go any
higher anyways, as I have entered my max from the beginning.
I find people are more likely to bid against you once a bid is placed, as
there are those out there, of the type that "just will not be outbid" at any
cost,...really. Now, for those serious items that you would give just about
anything to have, I use a sniping program (Bidnapper) because I find that
auctions without bids draw less attention than those with bids already.
Using the sniping software, your bid stays hidden until the last few seconds
of the auction,....so if no one else has placed a bid already on that item,
it looks as if there is "no interest" in it, eventhough you have already
entered your highest bid,.....it stays hidden, as if no one is "watching" or
has noticed that auction.
I know sniping seems a bit unfair, but really its not, and more and more
serious bidders are using them.
Hope this helps.
Chris in NY
(Traderlil" on ebay )
----- Original Message -----
From: "acp" <acpearce@io.com>
To: "McCoy Pottery Talk LIst" <mccoypottery-talk@lists.mccoypottery.com>;
<OhioPotteryLovers@yahoogroups.com>
Sent: Saturday, August 30, 2003 8:36 PM
Subject: [Mccoypottery-talk] bidding strategy


>
> I have some questions about ebay bidding strategy.
>
> For purposes of this lesson (you're teaching me), let's assume
> fair market value for the item is $25-30 and it is a moderately
> popular item.  It is not one of a kind.  As a matter of fact,
> you see at least one or two auctions going for this item, at any
> given time.
>
> Are you more likely to get the item you want, at a cheaper price,
> if you --
>
> 1) Bid very early and put in a maximum bid of say $20  or
>
> 2) Bid early, bid about $5 and then increase your maximum
> bid multiple times, when/if you see someone outbidding you.
>
> In other words -- is an early, higher bid more likely to discourage
> other potential bidders, permanently, early on???      Or, will they
> just keep following the bidding and then jump in at the last minute,
> anyway?
>
> Do you understand what I'm saying??
>
> It would be easier for me to put in a maximum bid of $20 and then
> check back at the end of the auction to see if I'm about to get the
> item or not (and then bid higher at the last minute, if I want).
> But if my chances of getting the item for less, depend on my
> babysitting the auction and incrementing my max. bid by a few
> dollars each time, I would rather do that.  ;-)
>
> Or, is all this trying to work out a strategy, just pointless??  ;-)
> Looking back to all my psych and marketing classes, I KNOW
> there must be some commonalities, some conclusions which
> can be drawn about bidding strategy.  It's a puzzle.
>
> So, anyone willing to tackle it?  ;-)     Has anyone noticed how
> it works??
>
> :-)   acp
> ***********
>
>
>
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