I've seen this happen too, but the advantage of doing it this way is that
the bidding war ***may not*** (I did not say will not) continue over a
several day period therefore needlessly driving the price unreasonably high
because some bidder has too big of an ego to lose.
It also ***may*** help prevent "fake bids" from the seller or his friends.
There is no reason for other potential bidders to bid up if no one has bid
yet or no one has outbid them.
Of course other bidders can bid round the clock whether you wait to bid or
not. But at least ***you*** won't be participating in driving the price up
needlessly. In the last few seconds your bid at the highest you're willing
to pay. If you win, you win.
At least that's my opinion.
Tom C.
----- Original Message -----
From: "Mike Johnston" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Saturday, July 07, 2001 3:50 PM
Subject: Winning on eBay
> Bob S wrote:
>
> > Be patient.
> > Find something that is poorly described.
> > Mark the item and check it's progress on the last day of auction.
> > Don't place a bid until the last 30 seconds.
> > Sacrifice a small goat to the gods of the Internet.
>
>
> Good advice, but I recently followed the progress of a rare screwmount
item,
> not intending to buy. For seven days, nothing at all. No bids. Then, five
> bids in the last 58 seconds of the auction! The price jumped and the item
> sold.
>
> Er, sorry, the item was "won." By the guy with the most money. <g>
>
> --Mike
>
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>
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