Sparr posted on Jul 6 2006 at 06:12 AM said:
daclassicgamingmaster posted on Jul 5 2006 at 08:12 PM said:
If you bid $40 right off the bat, then you're leaving yourself open to ALLLL that time until the auction ends to be outbid. And people usually bid in increments until they're the high bidder.
Right. But I don't want it for $45. If someone outbids my $40 bid then I am done with the auction. It doesnt matter if they do it with 1 second or 1 week left on the auction, I am not going to raise my bid just to beat them on an item I already decided wasnt worth that much. If I was willing to pay more I would have proxy bid more in the first place. You are mistaking ebay for a normal blow-by-blow auction, where you fight to win an auction. Why bother? There will be a thousand more of whatever youre buying. Bid what you'll pay and walk away. No hassle, no fuss, you will win one for what you want, not for double what you want plus a dollar.
Yes, but if you place a $40 quid bet straight off, it encourages people to outbid you early, for instance,
Jonny see's a second hand sex doll (unwanted present, only used twice) that he's pretty interested in, but Tom also wants the doll too.
So straight away, Jonny places a bid of, say $40, which tops the previous bid (by Tom) of $10. However, desperate to reclaim his place, Tom bids over $40, say 45. Now, 'cos Jonny only had 40 smackers he was willing to pay for his doll, he trudges out of the auction and Tom wins.
Switch Scenario:
Jonny see's that the highest current bid is by Tom and it's $10. Now, johnny leaves the auction for 5 days, and comes back with 1 minute to go. Tom is still the high bidder at $10. In the last 10 seconds, Jonny places a bid for $40 (Which is the highest he will pay). The auction finishes and Jonny gets the doll for £10.50
Now, which was the better scenario?