[Boatanchors] auction time linked to what timing source?

[J. Forster]

I was at an auction some years ago of a local optics company. They had a
Burke & James Copy Camera that was just ideal size for small scale PCB
work.

I bid on it and at the last second another guy jumped in. The price went
up a lot. After the auction, the guy came up to me and asked "Why did you
bid on that? I wanted it for my girl friend to take portraits". The guy
was clueless as it was not at all usable for that purpose.

Bottom line, I was run up pointlessly. Sniping gets around that problem,
of clueless idiots and newbies racheting up prices.

It also wins auctions.

-John

===================




>
> ----- Original Message -----
> From: "Rob Atkinson" <ranchorobbo at gmail.com>
> To: "Boat Anchors List" <boatanchors at mailman.qth.net>
> Sent: Thursday, February 11, 2010 7:36 AM
> Subject: Re: [Boatanchors] auction time linked to what timing source?
>
>
>> The practice of swooping in out of nowhere in the last few seconds
>> when others have faithfully put in a bid an hour or days earlier in my
>> opinion stinks.
>
> This practice is as old as mankind.  As a seller, I don't like it either,
> since it cuts down "bidding wars," but I have to accept it.
> It's been done at "live" auctions since Ur of the Chaldees.
> While everyone is entitled to feel their way about it,
> the bottom line is this:  The "sniper" wanted to pay
> more than the "non-sniper."
> As long as auctions to decide what a buyer is willing to pay
> and a seller is willing to accept,
> which is the true "worth" of an item at that moment,
> "sniping" will remain the best way to bid.
> You can't beat this system; it has 10,000 years behind it.
> Best to join it, if you want to save yourself lots of frustration.
> Got to esnipe.com, buy some bid points (they're cheap)
> and join the fracus.
> MHO, YMMV, 73 D.S.
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