dumb e-bay question

mbbiker

i was looking throught some of the stuff on my watch list when i found this.

link

my question is why would someone BIN with a 1 sec. snipe?

prooflike

Not a dumb question, but rather, dumb ebay buying tactics?

UncleJoe

The BIN and starting price were the same so he didn't pay more but it does make you wonder why he waited until 1 sec.

Joe.

mbbiker

no the starting price was 8.95 i tried to snipe it with a 10.95 bid but i got a message saying the product was BIN'd so my bid didn't count. I think when the BIN is used the BIN price goes into the starting bid spot.

UncleJoe

I have no idea why he waited til 1 sec. then. Last second jitters to make sure he got it?

Joe.

Bulldog

MB,

Correct me if I am wrong, but the starting price and BIN were the same. That is atleast what the link shows me.

I think that the buyer wanted it, might have seen it late and just did the BIN thang. Knowing that it would not go into a bidding war with anyone.

Bulldog

flaminio

It's not a snipe. When someone BINs, it ends the auction. Usually the bid time and end time are the same -- in this case they're off by a second. Nothing weird going on here.

UncleJoe

flaminio, you win the prize. Thanks.

Joe.

airplanenut

And also, if you BIN a no-reserve auction, the BIN is the first bid, thus it appears that the first bid was in fact the BIN price... most in this case, the starting bid was $x.xx, but now reads $12.95.

Do I win a prize, too?