I definitely need to work on my discipline and patience….but I’ve not got the patience nor discipline for that.This is the way.
I definitely need to work on my discipline and patience….but I’ve not got the patience nor discipline for that.This is the way.
It's just bidding at an auction, no rules to when bids can be placed. Many times it's a bot placed by a bidder. No one can lay claim to an auction lot until the last, highest bid.The people that do this deserve to step on Legos every night for a month
Yes I'm aware of the actualities of it, I'm just bitter because i've had it happen twice to me in the past month ;-)It's just bidding at an auction, no rules to when bids can be placed. Many times it's a bot placed by a bidder.
I watch for trends during the auction. Number of bidders, frequency and cost of bids, and how heated the bids are. If it looks like a bidding war is starting to happen I walk away. If not, I drop my maximum bid at the 4 seconds remaining mark.Yes I'm aware of the actualities of it, I'm just bitter because i've had it happen twice to me in the past month ;-)
Remember when eBay did a ten or fifteen minute extension on last second bids, or am I smoking crack?It's just bidding at an auction, no rules to when bids can be placed. Many times it's a bot placed by a bidder. No one can lay claim to an auction lot until the last, highest bid.
Been a few years but I remember.Remember when eBay did a ten or fifteen minute extension on last second bids, or am I smoking crack?
And I hate sniping bots….
I’m currently bidding on a pipe, and I very much intend to win it. But I placed a pretty competitive bid, one and done. Well I checked it a few minutes ago and another bidder had bid 20 times in about 3 minutes, each bid $1 higher than the last and each time they were automatically out bid by my bid. I’m not sure what the strategy is here, other than probing for the high bid so they can bid one more dollar?View attachment 251395View attachment 251396
Yeah I get it, just not my style. I've used sniping software in the past. Honestly I don't really care that much. They're just pipes. If someone outbids me, they out bid me, oh well. If it's something I REALLY want my initial bid will reflect that. I won't watch an auction in the last few minutes, my phone will notify me if I won. I have far to many pipes to care about losing out on one.That’s partly why I adopted sniping more than twenty years ago—I didn’t like having a sitting duck bid that people could nickel and dime up trying to find my max. I found it often saved me money not showing my hand early. Another nice thing was a snipe prevented a counter bid—you still had to have the highest bid to win, but you at least could prevent someone trying to pop another bid in the last second or two against your bid at the auction’s close.
Sniping software changed my social life back in those early days. No more missing out on getting together with friends because a rare book auction was ending that night and I had to be home on my dial up connection to bid in the last few seconds or less. No longer did I have to sit at home with two browsers open, one refreshing to see the clock count down while counting how long it took to refresh the page, the other window with the bid ready to go, taking into account how long it would take bid to go in based on the refresh time before the clock hit zero. I don’t miss those days. I pick an amount I’m willing to pay and hope for the best. All my snipe does is prevent a counter bid. Over the years, I’ve lost by a single cent or even 0 (a matching bid that was entered before my snipe). If I lost, it just meant someone was willing to pay more—fair enough.