[Boatanchors] auction time linked to what timing source?

[J. Forster]

Example, not sample.

The point is, by bidding early, the ultimate winner was racheted up
needlessly, compared to just sniping it at the last moment.

-John

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



> 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
>>
>
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