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coldplugs
09-15-2006, 08:56 PM
I buy & sell now and again on eBay and over the past six months have noticed a trend towards more & more very late bidding, I'm sure by folks using sniping software. I have a few items that have been up for sale for about a week and will close tomorrow – I suspect in a great crescendo of last minute bids. There are a couple Jaguar electrical parts – two with one bid each – but one item has 8 “watchers” and the other 7 watchers. Another part has 4 bids and 14 watchers. An aircraft clock has 11 bids and 20 watching. I'm guessing that most of the watchers are planning to snipe within the last few minutes.

I wonder how many bids eBay can process on one item in the last 10 seconds. Does anyone NOT snipe these days?

kyreb1862
09-15-2006, 09:29 PM
Ebay bidding is like a basketball game. It's the last few seconds that count. /ubbthreads/images/graemlins/thumbsup.gif

Banjo
09-15-2006, 09:43 PM
I second. I don't have any "snipe-ware" programs, but why on earth would I bid on something till the last moment when all It's going to do is drive the price up.
I think you're just seeing a trend of people wising up to how an auction really works.
I usually wait till the auction is under 2 min, then throw in my proxy bid. that way I'm either gonna get it, or I'm not gonna have time to get excited and spend more than I wanted by raising my limit.

R6MGS
09-15-2006, 09:48 PM
[ QUOTE ]
I second. I don't have any "snipe-ware" programs, but why on earth would I bid on something till the last moment when all It's going to do is drive the price up.
I think you're just seeing a trend of people wising up to how an auction really works.
I usually wait till the auction is under 2 min, then throw in my proxy bid. that way I'm either gonna get it, or I'm not gonna have time to get excited and spend more than I wanted by raising my limit.

[/ QUOTE ]

/ubbthreads/images/graemlins/iagree.gif Best way to go....I've sold a few things myself and whether it's a $2.00 part or a $20,000 vette there is always snipers.....

tony barnhill
09-15-2006, 09:50 PM
Yep, http://www.esnipe.com

Steve_S
09-15-2006, 10:13 PM
[ QUOTE ]
I don't have any "snipe-ware" programs, but why on earth would I bid on something till the last moment when all It's going to do is drive the price up. I think you're just seeing a trend of people wising up to how an auction really works.

[/ QUOTE ] /ubbthreads/images/graemlins/iagree.gif 100%

kyreb1862
09-15-2006, 10:15 PM
esnipe.....Hmmmm! /ubbthreads/images/graemlins/rolleyes.gif

martx-5
09-16-2006, 08:32 AM
I don't know if this is true for alot of people, but I watch alot of items that I don't intend to buy...at least not now. I just want to see how they wind up for later reference or just curiosity, or I may be watching several auctions for the same item. When I do buy, I wait to see how things are going, and maybe sometime within the last day, I bid what I'm willing to pay. If I get it OK if not, another one will show up sooner or later. If the "buy it now" price is something I can live with, I don't mess around. I just grab it.

It's funny how e-bay works. A couple of weeks ago I was watching a TR4 valve cover, because I want to put a PCV system on the TR3. The starting bid was $9.99. I put it on watch. About three days later, another one shows up with a starting bid of $10.00. I put the watch on that one also. Both covers looked to be in very good shape. No one was bidding on either cover. The last day I put in a bid on the first cover for $18.00. No one else bid, so I got the cover for $9.99. Meanwhile, I kept watching the other cover. It started to get some bids. Went to about $15.00, then, during the last hour, it shot up to $35.00. /ubbthreads/images/graemlins/crazyeyes.gif /ubbthreads/images/graemlins/crazyeyes.gif Since then, I've watched several other valve covers. Some of them didn't sell at starting bids of $10-$12, and another sold for $24. Go figure.
/ubbthreads/images/graemlins/cheers.gif

Baz
09-16-2006, 08:36 AM
[ QUOTE ]
esnipe.....Hmmmm! /ubbthreads/images/graemlins/rolleyes.gif

[/ QUOTE ]

SO that's how it's done.
Revenge is mine. /ubbthreads/images/graemlins/devilgrin.gif

Steve_S
09-16-2006, 11:29 AM
[ QUOTE ]
I don't know if this is true for alot of people, but I watch alot of items that I don't intend to buy

[/ QUOTE ]

Same here. I like to have an idea what certain types or parts go for.

[ QUOTE ]
SO that's how it's done. Revenge is mine.

[/ QUOTE ]

Honestly I've never seen the need to pay a service to bid for you. All you have to do is wait until there are 5 seconds left and place your bid. No one can possibly react to your bid in so short a time. If someone paying a sniping service ends up beating you in the auction and you would have paid more, then you didn't bid high enough to begin with.

jsneddon
09-16-2006, 11:41 AM
[ QUOTE ]
I don't have any "snipe-ware" programs, but why on earth would I bid on something till the last moment when all It's going to do is drive the price up.

[/ QUOTE ]

That's not how it works. You look at something you want and you deterimine how much you want to pay. If noone has bid that high yet then it will automatically bid until you're the one on top. If someone put in a bid higher than you then they win. But since it is at the last minute if you bid up to the price you are WILLING to pay then nobody has a chance to come back and outbid you. The software doesn't bid until you win willy nilly... it bids up to the price you have decided to go to. Simple as that.

Banjo
09-16-2006, 03:53 PM
I don't throw in a bid for the most that I'll pay, I put my top end in the proxy. but I still do it at the last minute. Usually it works, cause they don't have a chance to test the top end of my proxy bid, like they would if I entered it early.
I can't tell you how many times I've watched 2 or 3 people trying to out-bid each other with several days to go. All theyve done is pushed the price through the roof, and usually they wind up loseing to a sniper anyway.

tony barnhill
09-16-2006, 06:48 PM
I'm always watching lots of things but rarely bid...somewhere near the end of the auction I might bid or do the esnipe thing depending on how the auction's going.

mailbox
09-16-2006, 09:25 PM
I usually wait until the last minute (literally) to bid so as not to let anyone else know how much I might want an item. Then I put a maximum proxy bid + 3 cents. I have beaten several bids by 1 to 2 cents several times. /ubbthreads/images/graemlins/grin.gif

tony barnhill
09-16-2006, 09:29 PM
I've never figured out why people keep their reserve secret....tell me up front what it it - if I'm willing to pay it, I'll bid...if I'm not, I won't waste your time.....& I don't agree that keeping a reserve secret protects bidders - from what? themselves?

I've been to live auctions where the auctioneer starts out by telling everybody what the reserve is & goes from there...saves a lot of time & rules out the "lookers"!

Steve_S
09-16-2006, 10:30 PM
Reserves are pretty stupid. And you have to pay a lot of extra fees to have one. I suppose it allows you to start the bidding low so you don't scare people away with a high starting bid, without risk of being forced to sell for less than you want. It probably does work on new bidders, unfortunately.

mailbox
09-17-2006, 06:19 PM
I disagree. People tend to get caught up in "bid fever" and will bid more than they intended. If you start out high, they usually won't bid. If you don't make your reserve you don't have to give you iten away. /ubbthreads/images/graemlins/grin.gif

tony barnhill
09-17-2006, 06:26 PM
Yeah, but the idiot sellers return answers about reserve with "Sorry, I can't reveal my reserve to protect other bidders." Give me a break! How does me knowing the reserve protect other bidders...if I know & want it, I'll automatically bid the reserve; if I know & think its too high, I won't bid anymore.
But, when they won't reveal the reserve, I definitely won't bid - even if I want it until the last minute & then, if thevreserve isn't met, I'll esnipe the next minimum increment just for the heck of it. After the auction, I'll offer to buy at my last bid.

mailbox
09-17-2006, 08:52 PM
But if everyone knew the reserve few people would bid. If I'm trying to sell a car part with a $100 reserve and tell everyone this, few will bid. If I set my bid price at $25 and let the bidding go up, someone will get caught up in the bidding. Rational thought leaves and the "IGOTTAHAVEIT" kicks in. I had a set of sockets I sold awhile back. Had a buy it now price of $75. They sold for over $100. Someone got greedy and tried to get a bargin and let "bid fever" in. But I understand what you mean Tony. If I need something at the store, I see what the price is and buy it. This cat and mouse game aint for me. /ubbthreads/images/graemlins/grin.gif

tony barnhill
09-17-2006, 08:57 PM
If you want $100 for it & you tell me that & I want it, I'll bid $100....if somebody else wants to pay more - regardless of what you want - they'll bid more.

Buy it now was basically the same thing & you still got more than you wanted!

Steve_S
09-18-2006, 01:08 AM
[ QUOTE ]
I disagree. People tend to get caught up in "bid fever" and will bid more than they intended. If you start out high, they usually won't bid. If you don't make your reserve you don't have to give you iten away. /ubbthreads/images/graemlins/grin.gif

[/ QUOTE ]

That's basically what I think I said. Reserve price allows you to start the bidding low so you don't scare people away. Especially works on newbies.

jlaird
09-18-2006, 07:51 AM
I like it best when the biding starts at 10.00 for 50 dollars worth of parts that are like new and I get em for 10.01. Now that's skill and cunning. Hehe.

And you would be susprised how often I get something like that. Just have to know what things are worth.

In fact this week I got a new rubber seal for 50 cents and the price of shipping 34 cents. Yep did not save a lot but was fun.

Also got two rear spring U bolts and some other rear spring parts I did not need for 10 bucks and shipping. Boy good deal, the bolts I needed and new ones are $20 each. Grand saveing on this auction about $35 plus a few parts to put away for when someone needs em.

JamesWilson
09-18-2006, 09:52 AM
Given the time zone differences it isn't always possible to snipe; but I try to put a sensible maximum bid in- one that will beat the last-minute snipers unless they're willing to out bid, then it hardly matters. And making the bid and then ignoring it lets me avoid the bidding war syndrome....

Some you, win, some you lose but losing then isn't an ego issue...

michalotti_tr
09-18-2006, 10:37 AM
My name is Raymond and I'm an eBay sniper ...

actually, I do snipe but I don't buy much on eBay - I snipe for the same reasons that others have mentioned here, to try and get something at a good price. I wait until 30 seconds before it ends and put the max i'm willing to bid for something. Sometimes I get it and sometimes I don't, but at least I don't overpay for something.

tony barnhill
09-18-2006, 02:18 PM
I agree with the reason for reserves - I just don't agrree that reserves are a protected secret so all buyers have the same advantage...

JamesWilson
09-18-2006, 02:41 PM
I suspect the reason some people are unwilling to reveal their reserves may be psychological.

Basically a reserve is saying I'll accept $X. Now if you'd been willing to enter a maximum bid of twice that much you might not be so eager to do so, knowing the vendor would accept so much less.

If there's steady bidding on an item that might push the price up past the reserve minimum and beyond.

But if bidding is light, and people want to wait to the last minute there may then be a case for hiding the reserve: put your bid in to reflect what its worth to you, not what you think I'll accept.

Rather than trying to use a fixed reserve as the guage of how much to bid the price is then wide open....

If you think an item is worth $5K and the reserve is only $500, would you, or how many other people would then be willing to bid the $5K?

As you say its no protection for the buyers, it a price signal from the vendors and not everyone is so inclined to tell you what they want and possibly prejuidice what might then be offered....

coldplugs
09-18-2006, 08:40 PM
I don't get all hot and bothered about reserves or sniping on eBay. Generally if there's something I want I just enter whatever my max bid is right up front. If the seller has more than one of the item (e.g. An eBay store) then I just bid the opening bid and often get an offer to buy at that price after the auction closes (this is “eBay legal”).

If I get outbid, so be it. Getting sniped is just getting outbid at the last minute – it really doesn't mater when I “lose”. With so many people sniping these days I usually don't get the feeling I'm being “pecked at” by people mindlessly raising my proxy bid by bidding against me. I probably win 60-70% of the auctions where I really want something and 25% where I bid low in hopes of a bargain.

When I sell, I usually get more bids in the last few minutes than the first 6.9 days. With so many folks sniping I don't know if it offers any real advantage or lower prices any more.

Interesting stuff – probably a good thesis topic for someone.

BoneIdle
09-19-2006, 07:38 AM
..and then there's that class of sniper who snipes to win an item only to turn around and try to sell it for more money in a new auction the next day.

A friend of mine used to do that. He'd won 40+ items by sniping and figured he'd make a tidy profit reselling. The problem was: the market for that particular item had cooled a bit, so he actually lost about 25% of his investment.

As far as I'm concerned, if I'm willing to spend 100.00 for an item and I place that as my maximum bid and someone snipes for 101.00 and wins, they're welcome to the item. If the most I want to put into an item is 100.00, I'm not going higher than that.

I've seen people on ebay snipe themselves into paying slightly above retail for items in a few cases - Now that's something to brag about! /ubbthreads/images/graemlins/devilgrin.gif

jlaird
09-19-2006, 07:56 AM
Oh, haha, folks do that all the time, pay more than retail.

I just chortal to myself when that happens.

A fool and his money are soon parted.

AngliaGT
09-19-2006, 04:18 PM
The one that gets me is when they put "No Reserve"
on an item,& they start the item out at $50.
To me,that $50 IS a reserve.

- Doug

Keoke
09-20-2006, 03:17 PM
Thats generally true Steve, but in most close cases the winning bid will be just $1.00 higher than yours.???---Keoke- /ubbthreads/images/graemlins/yesnod.gif