Tinkerman said:
I used to love the bidding process and used to try and bid at the latest moment. It was all part of the game, years ago. Now I employ a sniper service and I did it just to defend my ability to buy the part I needed when I wanted to buy it. Takes all the fun out of it, but gets the job done. I'm so close to the tag end of my restoration that I really spend very little time on ebay unless I am listing items. Which I need to do here fairly soon. Maybe I'll put an auction together this weekend
Part of what I have seen over the years is that some people do not enjoy the bidding process and that is why the "but it now" style has grown in popularity. My theory anyway. When I first got on to ebay "buy it now" was a very small part of the process. Now it seems to be more and more every day. What I see with "buy it now" is that the market is NOT setting the price but the seller is and many times it is not, IMHO a price that is truly relevent to the value, as perceived by us folks in the hobby.
My 2 cents worth this morning.
Cheers, tinkerman
I use a sniping service too, but mostly for things I know I cant manually snipe. In other words I know Im going to be asleep, or somewhere where I cant bid. The service is free, but there have been times where paying extra for features would be worth it. For example, youre only allowed to bid on 3 auctions a week, but the number resets on sunday so if youre tricky about it, you can use it for more. The other thing is it can bid on the lowest auction. Heres an example of where its useful. Theres an item thats been discontinued since 1995. You can easily buy it for $170. But when on ebay, they go for a little over $100. One seller had two, both ending in two hours one minute a part, one was at $60, the other was $50. I had no idea which one to snipe, I didnt want to buy both, and I was certain that these people proxy bidded. So with the sniping screen opened, with no decision made, I got distracted and left home. They both ended at those amounts and no more! To this day they still go for over $100!
Now for "buy it now" my husband is always making buy it now, when theres still an option to bid. buy it now is only important if you need an item right away and its worth the extra for it... ...or in this one case when a seller listed something ridiculously low, in that rare case I wonder what the seller thinks when his items ends 6 days and 23 hours early. Anyway a good example of the "buy it now" "cant wait" is the floor pan I got. My husband begged and begged me to buy it now, when we really were in no hurry to get it. This item had several people who bought it now, and every time people bidded, it ended close to that price anyway. But I noticed from his feedback that one did in fact go $10 less with only one bid. So I waited for everyone who wanted one to get theirs, and after 3 or 4 auctions later, I got mine, $10 off.
Now then. I used to sell stuff on ebay. I stopped because of how ridiculous so many bidders are. I wont go into that, but many times I would have a $15 buy it now, with a $9.99 starting bid. The buy it now option goes away after the first bid. This one guy was always the first bidder for like 6 auctions, always removing the buy it now option because of it. The amount he would bid for was always more than the buy it now price, and he never ever won any of my auctions, ever.