Ron,
The link you posted is good advice but it ignores the concept of "Forcing."
Forcing is the idea when and item is one-of-a-kind bidder may have a made
up stupid money price. i.e. an item that may have sold for 40 dollars
originally, is worth 500 dollars to them. The bidder then plans to bid up
to that amount. Because of sniping, also known as bidding at the last
second before an auction ends, the forcing bidder wants to drive the price
high enough that no one else would dare to bid on it in the closing
seconds.
Sniping doesn't happen in art or antiquities auctions because the
auctioneer will keep the clock running until everyone stops bidding.
However, Ebay auctions can often go to the person with the fastest internet
connection. If something is very valuable, its sometimes not worth leaving
it to chance.
What we saw with the Y2k2 auction was two people employing the forcing
technique method of bidding. One of the bidders high marks just stopped
short of the others.
Best,
Nick
On Thu, Mar 21, 2013 at 1:18 PM, rwindoor <groncan_at_gmail.com> wrote:
> **
>
>
> Also, don't bid until the last hour or so. There's good advice about
> bidding/selling on ebay at: http://www.kenrockwell.com/tech/ebay/index.htm
>
>
> --- In Indoor_Construction_at_yahoogroups.com, Don Slusarczyk <don_at_...>
> wrote:
> >
> > A little suggestion for indoor modelers who bid on ebay items, don't bid
> > unless you actually intend to buy.
> >
> > Regards,
> > Don Slusarczyk
> >
>
>
>
Received on Thu Mar 21 2013 - 11:31:01 CET