[Boatanchors] auction time linked to what timing source?

[Pete Lancashire]

I guess I don't understand. If there is one or two or more bidders using a
snipe program and or service how is by my bidding what something is worth to
me a day or two early going to drive up the price ?

For example if the sniper(s) are willing to bid $200 and I'm willing to bid
$300. I put in my max bid of $300 at day minus 2 ?

-pete Just curious

On Fri, Feb 12, 2010 at 11:07 AM, Rob Atkinson <ranchorobbo at gmail.com>wrote:

> 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
> >
> >
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