No, actually, "the world DOES know". The sniper really did only bid 10% more, not 50%. The winning bid was placed 10 hours earlier. So the winner pre-bid high enough to protect himself against a 10% snipe.
I've been counting up, and in phonograph collecting, I think there are at least 4 distinct types of auctions that we deal with, and your bidding philosophy is somewhat different in each case: 1. eBay 2. A real auction 3. Mail auction 4. Mail auction where the bidder is not held to his highest bid, depending on the 2nd highest bid (like Kurt Nauck uses now, I think). Number 4 is actually something like eBay, except you can't see what others are bidding. Jim On Feb 6, 2005, at 8:04 PM, john robles wrote: > If the sniper were willing to pay $100,000, and the other highest > bidder only bid $30,000, the sniper's bid would still only be 10% > higher. That is due to eBay's automated bid tipping system. So for all > we know, the sniper may have bid 50% higher or more. The world may > never know.
