Another reason not to bid early and place your bid at the last possible moment
WinPitcher
Posts: 27,726 ✭✭✭
Last week I found on ebay a card that i needed for my 65 topps yankee set. It was in mint 9 and I placed a max bid. (not the max I was willing to pay overall but a max to start with) well during the week with maybe a day to go I was outbidded. Well, I wanted that card too and proceeded to bid again on it UP TO MY MAX (this time the overall max that I was willing to pay) Needless to say I placed 4 bids in increments and never could outbid the eventual winner. Today I get an email accusing me of spitefully bidding it up to his max! First off If I didnt email him when he outbidded me and say thanks for outbidding me, secondly I had no idea what his max was! My point is now I have to fear retribution from this person and feel it is just another reason why one should only bid at the end of an auction to SNIPE. Just to clear the air when this person reads this i want to say that I do not spitefully bid up the price of cards. I bid only that amount I am willing to pay for a card and do not cry to other bidders when they outbid me!
Good for you.
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Always looking for 1957 Topps BB in PSA 9!
now we can all play nice again
edited cuz i speeeled apology wrong 2x
Not saying that sniping is not effective (and occasionally thrifty). But the seller has no way to know that a snipe will push the bid into his acceptable range and may not want to take the chance.
<< <i>A possible reason NOT to snipe at the last moment... If the high bid is significantly below market in the final moments, you risk the seller pulling the plug, as eBay's policy allows. "Auction canceled: This item no longer for sale." As long as the seller forfeits his listing fee, this is just fine with eBay. >>
There was a huge debate on this a month or two ago. Pulling an auction early is a matter of ethics, but doing it for the reason you mentioned is know as reserve fee circumvention, and it is subject to a suspended account.
.....just when I thought I was out.....they pull me back in.
<< <i>Perhaps I'm naive, but what possible "retribution" could he do? >>
create a new account, purchase an item(s) you have for sale and neg you
create a new account, bid $10,000 on an item(s) you're winning to find your max bid and then bid right up to it
etc.
create a new account, bid $10,000 on an item(s) you're winning to find your max bid and then bid right up to it
etc. <<
You nailed it on the head. A lot of psycho bidders out there....and I mean pretty crazy. Can't even understand their logic and accusations at times. I'm glad I have an ID strictly for bidding and one for just selling.
<< <i>There was a huge debate on this a month or two ago. Pulling an auction early is a matter of ethics, but doing it for the reason you mentioned is know as reserve fee circumvention, and it is subject to a suspended account.
>>
I know about that clause in the policies. I also know that as a practical matter, eBay seldom takes such action. 1) They got their listing fee for that item and they want you to list it again. They eventually get their final fee plus two or more listing fees when a seller does this. 2) How are they going to prove your reason for ending is "circumvention" and not one of a dozen legitimate reasons you can cite? Do they even try?
Not saying I agree with the way it works in reality, but it does. Maybe if eBay instituted a penalty fee if the auction is ended early... Some might argue that forfeiting the listing fee is penalty enough. Others might argue that eBay and PayPal are already taking a big enough percentage of each sale!
Wanna bet...... watch this:
I heard from a reliable source that AKNOT is actually the one running everyone's bids up, shill bidding, and ending his auctions early. Anyone want to comment on AKNOT's unethical conduct? It's also come to our attention that AKNOT spelled backwards is TONKA, which is the same guy that was running up all of the auctions over in the antique toy catagory. Also, the mathmatical number for each of the letters in AKNOT's real name ... comes out to the exact serial number on the flip of the duplicate Pete Rose PSA cards. We've also noticed that he has the exact same amount of letters in his ID as WIWAG, and has anyone else noticed he doesn't have an M, a W, or a 1 in his name (MW1)?
Mere coincidences? I think not!
<< <i>I think the general consensus was that people would not bid on future items if someone was continually doing this. >>
I agree Brian.
Another part of the big debate was the question of private auctions and the 'motive' behind them. As I recollect some were vehemently against them with good reasons. But with respect to what happened to Steve Win - this gives credence to those who believe in the occasional usage to preempt this type of thing from happening to their bidders.
Mike
edit for Shoulda
<< <i>I heard from a reliable source that AKNOT is actually the one running everyone's bids up, shill bidding, and ending his auctions early. >>
<< <i>A possible reason NOT to snipe at the last moment... If the high bid is significantly below market in the final moments, you risk the seller pulling the plug, as eBay's policy allows. "Auction canceled: This item no longer for sale." As long as the seller forfeits his listing fee, this is just fine with eBay.
Not saying that sniping is not effective (and occasionally thrifty). But the seller has no way to know that a snipe will push the bid into his acceptable range and may not want to take the chance. >>
This exact same thing just happened to me twice last week. And, I am sure that if the seller waited, he would have been pleased with the snipe...but now he'll never know. I was a little upset over the auction being pulled, but you move on.
And, yes...that guy who emailed you was not only an idiot, but a violator of Ebay's rules of conduct. Good thing he apologized.
Dave
Now collecting:
Topps Heritage
1957 Topps BB Ex+-NM
All Yaz Items 7+
Various Red Sox
Did I leave anything out?