Archived posting to the Leica Users Group, 2000/12/22

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Subject: RE: [Leica] Bidding on eBay (was: something else totallyunrelated)
From: Dan Cardish <dcardish@microtec.net>
Date: Fri, 22 Dec 2000 14:02:32 -0500

Because in a real auction, you always have the chance to enter another bid
before the auctioneer hammers down the gavel.  This isn't true with eBay,
when a bid with just seconds to go makes it impossible to counter with
another one.   Sniping is essentially equivalent to arranging ahead of time
with the auctioneer to automatically end the auction as soon as you place
your bid.

The whole point about auctions is that you don't necessarily know ahead of
time what your final bid will be,  and if you do, you don't want other
bidders to know it.  

Dan C.

At 11:40 AM 22-12-00 -0500, Austin Franklin wrote:
>>  This would seem to solve the problem of "sniping".
>
>Why is this a problem?  A problem perhaps for some feeble bidders.  Sniping 
>takes the emotion out of it...you don't get a second chance to be 'upset' 
>by someone outbidding you.  One should bid what they are willing to pay for 
>the item, period.  That is the solution to sniping.  Just because you 
>snipe, doesn't mean you will win.
>
>
>