You had the high bid. Simple as that.
What Does "Winning" At Auction Mean?
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I grew up in a rural farming community...... In the mid 80's times got REAL tuff for us and our neighbors. Interest rates were like 13%, grain prices were at all time lows, fuel prices were high........
we raised hogs.......... I saw my dad cry selling his pigs at market for less than he had in raising them......
He worked 16-18 hours a day and LOST money........
The neighborhood auction in my area was a time of sadness.......... someone folded, and sold out....... couldn't make a living at it anymore.......
I remember my Dad, (kind of a hard ass type) scoffing when a 20' log chain sold for like $60. He said you could buy a new one at the local hardware for $20............
I mentioned that MAYBE all the neighbors were bidding this stuff up, to help a fellow man, Knowing that a man was giving up his livelihood......... Sad stuff. My Dad just laughed at the notion......... 3 years later the auction was at our farm...................................... ?
we raised hogs.......... I saw my dad cry selling his pigs at market for less than he had in raising them......
He worked 16-18 hours a day and LOST money........
The neighborhood auction in my area was a time of sadness.......... someone folded, and sold out....... couldn't make a living at it anymore.......
I remember my Dad, (kind of a hard ass type) scoffing when a 20' log chain sold for like $60. He said you could buy a new one at the local hardware for $20............
I mentioned that MAYBE all the neighbors were bidding this stuff up, to help a fellow man, Knowing that a man was giving up his livelihood......... Sad stuff. My Dad just laughed at the notion......... 3 years later the auction was at our farm...................................... ?
I won every eBay auction I participated in because I never paid more than my price. If you set out to "win" the auction, you'll often pay more than the item is worth.
That’s a good idea. Sometimes there’s a “make an offer” button on the big auction site. I’ve used that before to get a pretty good deal on an onboard air compressor for my jeep for airing back up after coming off trails.
Even though I'm prone to sniping, I always have a limit I'll pay. I've seen bidding wars get ugly and don't want to loose my shirt.
It is referred to as the Winner's Curse:
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www.investopedia.com
Winner's Curse: Definition, How It Works, Causes, and Example
The winner's curse is a tendency for the winning bid in an auction to exceed the true value of an item.
Being the ultimate high bidder (aka winner) and "getting a good deal" are not mutual on eBay or any other web or live auction.
words take their meaning in context. Winning means different things when applied to different situations. When I was in high school one group of my friends used winning for euphemism for something teenage buys would find funnier. The thing is it really does apply to e-bay winning.
Oh and tomatoes are a fruit when you're talking to biologist and a vegetable when you're talking to a chef. There is no tomatoes are really fruit crap that people always talk about.
Oh and tomatoes are a fruit when you're talking to biologist and a vegetable when you're talking to a chef. There is no tomatoes are really fruit crap that people always talk about.
I’ve been around auctions for most of my life. Winning refers to the bid. Youbid won or was accepted as all others bids did not win.
Ive seen cattle auctions, land auctions, as well as eBay auctions where the winning bid is just part of the vernacular.
As to contacting the seller to end the auctions, my guitar collector friend has done that many times, but usually with a highly collectible piece that he knew rue value in advance . Ending is not cheap or for amateurs.
A fool and his money are soon parted, but if it's something you really want what does the price matter?
A person I knew paid $10,000 for this rare Martin guitar back in the ‘80’s. On his way home he pulled over and threw up. However, he had a keen mind of worth.
Today that guitar is worth over $600k.
Today that guitar is worth over $600k.
You're right, that $20 Dunhill billiard I got last year was drastically overpriced. Should have maxed out at $5.
True, that's the auction game and the way it's won, if that's what you're into. I think many Forums members want to acquire good pipes they want at below market prices, so if you are paying too much, you aren't winning that game. It seems the auction format is often a losing proposition for this acquire-good-pipes group. We're looking at it from different points of view, but I think we're saying essentially the same thing. If the auction is the thing, you win. If the pipe is the thing, look again at what you paid.
Just because you paid more than common market value doesn't mean you lost. A pipe is not a commodity to most people. If you wanted that particular pipe and paid what you were willing to pay then you didn't lose.
There are many types of auctions, but when it comes to collectables (pipes) and luxury goods (pipes) eBay is the real thing. And since eBay's rules in general favor the buyer, it makes sense for pipe smokers to bid there. For the buyer its a very fair system, and there should never be any regrets over picking up something nice on eBay.
Eh. "Winning" is an attitude. I've "won" by walking away. My sports teams have "won" by playing less like garbage than the opposing team or "lost" late in the playoffs in injury plagued seasons. If you're happy with the outcome then you've won, point blank.
Common usage tends to say otherwise. So we use the Common Language, but it doesn't change anything.
Common usage tends to say otherwise. So we use the Common Language, but it doesn't change anything.
Like so much on the Internet, linguistic features on a given site are designed to get people hooked on it. On-line is designed to be addictive.
eBay doesn't exist to give people bargains. To the extent that it's an auction house its job is to get the highest price the market will offer at any given time. But, the story eBay will spin is that you get the best prices on items when you buy, and a lot of people buy into that.
eBay doesn't exist to give people bargains. To the extent that it's an auction house its job is to get the highest price the market will offer at any given time. But, the story eBay will spin is that you get the best prices on items when you buy, and a lot of people buy into that.
All true, but good deals can be found in spite of these facts if one exercises self-restraint.
Never really thought about it that much. I know what my limit bid is, and know what my "bid to win" bid may have to be, have a pretty good idea of what the pipe is worth, or what it may go for in current market conditions, and only bid in the final seconds. To my mind, bidding before the very end of an auction is basically bidding against yourself, i.e. raising the final price. It's not too complicated. Obsessing about the terminology, is kind of a waste of time.
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