JR
 
Peter is right on target and you are definitely wrong here.  You must acknowledge that besides a blindsided bid in the last few seconds, sniping does something for me that is an absolute must.  That is the fact that it keeps all persons from knowing that I want the poster (or statue which I also collect).
 
There are certain bidders who are quite well known to have deep pockets and when they bid on certain genre posters you know they will go high.  People all over the world know that I collect Charlie Chan posters and there are very few that I do not own.  I was seeking the one sheet of Charlie Chan in Honolulu for the last 15 years without even knowing what it looked like and lo and behold it popped up on ebay about two months ago.  Toler made 22 films and I had 21 one sheets for the longest time.  There are Charlie Chan posters on ebay daily but not what I need.  If the auction did not end in the fashion you want I would have been in deep trouble because if people saw me bidding they would know I wanted it badly and just keep bidding me up.  i placed a snipe bid well above the final price of $5250 and I can only imagine what would have occurred had my name popped up in the last few seconds to the other bidders.   It happened to me once in an auction and I vowed that it would never happen again which is why I only bid in the last few seconds regardless of the cost of the poster. 
 
I also collect statues and never bid on them except in the last few seconds because there is a guy out on the coast whom I outbid on a few statues he wanted and now tries to bid me up on every rare statue.  I haven't even touched shill bidding which was well covered by Peter. 
 
YOU DID NOT COVER A SUBJECT I MENTIONED IN MY LAST EMAIL AND I WOULD LIKE YOU TO COMMENT ON IT.  I stated that in live auctions lots are placed on the bidding table one at a time and until the hammer comes down, regardless of how long the auction goes on, the next item for auction is not placed on the table.  You are trying to simulate a live auction but items are not held up on ebay and doled out one at a time.   Bruce Hershenson places about 1000 items a week and the end approximately 1 to 2 minutes apart.  You can easily glide from one ending to another and track and bid on posters in a smooth stream.  Under your method these 1000 items could be kept alive and overlap each other with as many as 20 items being bid on simultaneously (by me) with 60 second endings depending on additional bids to keep them going.  How will you prevent such chaos?  How in the world can you equate a live auction process (one at a time) with thousands on ebay?  I would like to read your reply.
 
Claude
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