[Boatanchors] auction time linked to what timing source?

[rbethman]

This is a useless "sample" as it comprises a SINGLE datapoint, which is 
meaningless in the tens of thousands of auctions that take place within 
a week or less.

If one wishes to use Esnipe, enjoy.

I'll bid as I have always done.  I bid to the point that *I* wish to bid 
in *MY* estimation of the value.

If I win, fine.  If I lose, that is how it goes.

Bob - N0DGN

J. Forster wrote:
> Wrong. Consider the following example:
>
> =====
>
> Bidder Number    Bid Seen     Max Bid   Current High Bidder
>
> 1                $10            $201          1
> 2                $11             $11          1
> 2                $20             $20          1
> 2                $50             $50          1
> 2               $100            $100          1
> 2               $125            $125          1
> 2               $200            $200          1
>
> Auction Ends. Bidder 1 wins at $201
>
> =====
>
> In this case, the Newbie (Bidder 2) has cost Bidder 1 $190 dollars. Had
> Bidder 1 simply sniped it, he could have bought the item for $11.
>
> Great if you are the seller, stinks if you are the successful bidder.
>
> -John
>