eBay Question
bigmarty58
Posts: 2,002 ✭✭✭✭✭
Tonight with 1-2 seconds left, with plenty of distance from my maximum bid, I was outbid by one dollar, the next increment. The winning bidder only bid once, at the end. Did the winning bidder know my maximum bid? Sure feels like he/she did. Anyone else have this same disappointing experience on eBay?
Enthusiastic collector of British pre-decimal and Canadian decimal circulation coins.
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Comments
...you got sniped...in the world of eBay, you live to start a thread about it...in the street; you don’t
I am sorry you did not win tonight. I usually tripled my max for extra security 4 secs to go......even my finger started to twitch
Works each and every time for me 
Oh no.....is it possible that it was you I sniped?
Their high bid was most likely more than $1 above yours.
simple, winning bidder was willing to pay more.
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Based on your question, you sound like you are new to eBay. Most serious bidders will place their maximum bid in the last few seconds of the auction so there's no time left for someone else to outbid them. There is software available to accomplish this so you don't need to be at your computer at the end of the auction although some bidders like to snipe manually while watching the clock count down. I'm guessing they get an adrenalin rush. With the maximum bid feature, the eBay software will bid on their behalf to one increment above the next highest bid but not more that their maximum bid. Hope this helps.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Sometimes the adrenaline rush of sniping makes my hands sweat and shake. Especially if I'm about to land something that will pay for inventory for a few weeks/months. It's also fun to make other bidders fight.. like if 2 people are watching/bidding against each other and one stops, I'll bop the first guy on the head if the price is still right.
Thanks very much for your answers.
David Lawrence as well Heritage online auctions reset a short bidding clock after each late bid, allowing one who is outbid to come back with a higher bid.
That helps the sellers which is rarely in the interest of Ebay.
You got sniped by snipe tool. The buyer simply beat you.
Many of them really don’t know how price coins - l snipe them all the time.
Next time input nuclear bid?
To give an example with numbers, let's say you are currently winning at $30, your top bid is $50 and the increment is $1.
If someone comes along and bids between $49.01-50, you will remain the high bidder, but the price will jump to $50 (your bid was higher, but because the new bid was within an increment of your bid, your bid goes to the highest amount possible). If the other bid were $50 exactly, you'd remain the high bidder because your bid came in first.
If someone bids from $50.01-$50.99, they become the high bidder at their bid. Even though their high bid is less than an increment above yours, the minimum they had to bid was $31 ($30 + $1), so, for example, $50.33, is valid. That amount is higher than yours, so they take over. Note that if they bid $49.50 first, you become the high bidder at $50, and then the next bid would have to be at least $1 above $50 to meet the increment rules.
If someone bids at or above $51, they become the high bidder at your top bid plus the $1 increment. So whether they bid $51 exactly or $10,000, they still win at $51.
Thanks @airplanenut
Yup...just hope someone else didn't put in a nuclear snipe at $7500....then it's your at a tad over $7500 instead of $51. I would only put in a snipe bid for the max I am willing to pay....sometimes i get it lower...sometimes I get nothing
I love sniping on ebay....yep, a bit of an adrenaline rush... I always do it manually. Drop a nuclear bid in the last three seconds....Cheers, RickO
Ebay makes a percentage from the sale. They would benefit by that feature if it caused higher bidding.
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But many buyers are following multiple auctions at the same time. Some may not participate if they have to potentially make a much more significant time commitment. At the same time, take my situation as a seller. I list my items spaced by a minute so buyers can go from one to the next, and so I am available to handle post-auction business when they all end. It would be a disaster for me if the ending times start randomly changing, and that would make eBay much harder for me to use.
your lucky if this was the first time. I had a guy contact me and claim his fathers version of a coin I just bought had been stolen. He said he was looking to replace it for him. I sympathized with him and agreed to sell it to him at same cost when it showed up. Turned out to be a big fat lie when later after I shipped it. Sent message that I hope he feels whole able to replace his fathers stolen coin. He was utterly confused. I believe I just beat him out on the bid but some how he had access to my information. Only other explanation was he was some how connected to the seller. Live and learn. Never again. Hope you have luck on your next bid.
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Jeremy...The longest I have seen a heritage or DLRC extended is a couple of minutes. Would that really matter to an active bidder. Numismatists are competitive and don't like to get out bid...especially by the low Ebay increments. A 5 or ten second Ebay extension would in the aggregate benefit the seller.
i haven't bid 4 anything on ebay in a long while, but i always sniped, i always wait until it is down to one person at a live auction also, then i start bidding, u start bidding at the beginning with other folks, the price of the item goes up "artifically", something my dad told me a long time ago
It could. I occasionally get complaints that my spacing of a minute is too tight. If there are extensions, auctions might completely overlap. Alternatively, I try to put the nicer coin up first so if someone doesn't win, they might go for a lesser coin. But if the nicer coin gets extended, they might not have the chance to bid on the other coin by the time they've lost the nice one.
Lastly, you give an advantage to live bidders in this case. I sell across the globe, which means my auction timing is always bad for someone. As it is, even if they just set a snipe and sleep while someone else snipes manually, it's an even playing field.
Lost count of times I've been sniped in the last seconds of an ebay auction.
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I guess in theory somebody COULD know your highest bid. Auction companies have been caught doing that but the point of that would be to bid right to your maximum bid (thus getting highest amount). It wouldn't quite make sense to use a shill account to outbid you.
It is sniping and it seems to be pretty common place all over Ebay nowadays especially for coins that are cherry picked; when somebody list a decent Sheldon or Newcomb variety and does not know it you can often see a ton of bidding in the last bit all the sudden. Each guy or gal hoping nobody else has spotted it and they can scoop it up.
Yes some time's I put a I want it bid or a if I get it I get it bid. Won this one some time ago the pic where not so good and the bid was $35 then I hit it with 3 sec to go with a $152 bid but sold to me for $102. so more then likely he or she had a bid of $101. it was this item filled up a 2x2 box.
Hoard the keys.