Here is the absolute proof positive that extended auctions are better for
the buyers!
Claude wrote "I will not under any circumstances place a very high bid in an
extended format so the loser is the seller."
So all you buyers come to eMoviePoster.com three times a week, where the
buyers are the winners (just ask Claude, if you doubt me)!
Bruce
On Sat, Oct 3, 2009 at 12:38 PM, Claude Litton <twoni...@aol.com> wrote:
> *What is the point of you seeing a bid in the last few seconds if you
> cannot outbid me (as you stated). There isn't a single poster that I cannot
> buy so if I want it I can bid with an outrageous price and you cannot beat
> me. For example: If a poster has a value around $4,000 to $5,000 based on
> rarity and recent sales, what good does it do you if I place a snipe bid of
> $10,000? You are tilting at windmills.*
> **
> *There was a poster I wanted a while ago with a value of $5,000 based on
> previous sales and similar titles by the same actor. I placed a snipe bid
> of $15,000. So what does the knowledge of being beaten every time you place
> an extended bid do you? You can't win. There can only be one winner and
> these weekly auctions have to end sometime. *
> **
> *The most important factor here is this. I will not under any
> circumstances place a very high bid in an extended format so the loser is
> the seller. I do not want anyone to know what I am willing to pay for a
> poster. Sniping is the only way to go.*
> **
> *CJL*
>
> In a message dated 9/28/2009 5:33:21 P.M. Eastern Daylight Time,
> jrl...@mediabearonline.com writes:
>
> Todd (and others opposed to 1 or 2 minute extended bidding times),
>
> This is an example where modern technology has corrupted our cultural
> philosophy. Letting the sniper programs battle it out in the last
> micro-seconds behind the scenes where no one can see what is going on is
> just fine if you don't care about the concept of public auctions being a
> level playing field where everyone bidding has the opportunity to keep
> bidding after a higher bid has trumped their own. But that is exactly how
> things are done at live auctions. Why shouldn't it work that way for
> internet auctions? Just because Ebay never did it that way?
>
> I *like* sniper programs and use them. I do agree that it is a good thing
> if the auction house cannot see your maximum bid -- no temptation, no
> potential conflict of interest and no foul. That's one of the big positive
> aspects of sniping programs. And, as you say, it's great that you don't have
> to sit at the computer with your fingers glued to the mouse counting down
> those last seconds.
>
> But we all know that one's theoretical "maximum bid" is not always writ in
> stone. Have you never adjusted your maximum snipe bid as the auction was
> nearing its close and you saw how the bidding was going and decided that
> maybe your original maximum might not be quite enough? I certainly have.
>
> If someone has enough money to place extremely high maximum sniper bids on
> anything they want and so virtually guarantee they will win 99% of what they
> bid on... well that's very nice for them, isn't it? But most of us -- even
> those who do use sniper programs like myself -- don't have that luxury and
> we should be able to see what the last bid is and decide (quickly) if we
> want to try to outbid or not. Fair is fair.
>
> -- JR
>
>
> Todd Spoor wrote:
>
> To All,
>
> I really don't see the point of extended bidding, if you put in the MAXIMUM
> you want to spend in the first place, if you get outbid in the last second,
> so what, you weren't going to spend more than that anyways!!! Sniping is a
> great way to enter a Maximum bid and NOT have to watch the auction
> especially if it closes at an odd time or if you are at work. I win 99% of
> every auction I bid because of sniping plus the AUCTION HOUSE can not see my
> maximum bid!!!
>
> Todd Spoor
>
>
> -----Original Message-----
> From: James Richard
> Sent: Sep 28, 2009 4:05 PM
> To: MoPo-L@LISTSERV.AMERICAN.EDU
> Subject: Re: [MOPO] An odd incident on this past Sunday Heritage Auction
>
> Grey,
>
> How is extended bidding a waste of time? If no last second bid comes in,
> then the auction closes as scheduled. If a last second bid does come in,
> automatically extending the auction's end time by maybe 2 minutes gives
> other bidders who want the item a chance to trump the last-second bid.
> Hardly a waste of their time if it means they win and auction they otherwise
> would have lost -- and both Heritage and the consigner make more money.
>
> Where's the downside?
>
> I do think the implementation of extended bidding at emovieposter.com is
> too broad. I think in that case that if a bid comes in during the last 5
> minutes the end time is extended by 5 minutes -- since lots of people prefer
> to place a bid in the last couple of minutes, parameters like that *do* tend
> to waste people's time. To work more efficiently, parameters should probably
> be 1 or 2 minutes. An extra 2 minutes isn't going to bother someone -- not
> if they really want the poster -- and it puts everyone on a level playing
> field whether they are using gavelsnipe.com or not.
>
> -- JR
>
> Smith, Grey - 1367 wrote:
>
> Hi, John.
>
> Well, the email was supposed to go private but my mistake.
>
> Yes, many snipe bid on the site now.
>
> In fact, as you are aware, we end all items at 10PM CT every Sunday
> evening, so many prefer not to have to sit by the computer.
>
> My belief is that the extended bidding platform is a waste of our bidder’s
> time, though one of our other divisions does use it.
>
> Grey
>
>
>
>
> Visit the MoPo Mailing List Web Site at www.filmfan.com
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