[Boatanchors] auction time linked to what timing source?

[J. Forster]

There are basically two winning approaches:

If money does not matter to you, put in a very high bid and forget it.

or

If money is of concern, snipe the max you are willing to go as late as
possible.

-John

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



> That also bring up the other issue of idiots who start right away
> bidding on something that has 6 days to go instead of exercising some
> restraint and letting it sleep for at least 5 days.
>
> There are always one or two who have to start right in bidding
> something up which does no one any good.  I guess to some folks money
> doesn't matter.
>
> Rob
> K5UJ
>
> On Fri, Feb 12, 2010 at 11:56 AM, J. Forster <jfor at quik.com> 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
>>
>>
>
>