EBAY HIGH BIDDERS>>>WHATS THE POINT ???
seatedcollector
Posts: 976 ✭
could someone PLEEEEZE explain to me the point of being the high bidder throughout an auction, a $100 coin should not be bid up to $97.50 with four days left. is there a sense of victory to know that you "own" the coin throughout the entire auction ?? chances are your gonna lose it anyway, so why not wait until the last day to bid ? or just bump it by a penny or two. do these idiots realize that by doing this in effect they are costing themselves money (should they win it) what is the sense in riding the bid until the last second ? its annoying in the sense that people are so stupid. id like to hear from anyone with enough sack to admit to doing this, with even a comical explanation what is the point ?
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you can get on with your life (assuming you have one) and not worry about it anymore.
A Truth That's Told With Bad Intent
Beats All The Lies You Can Invent
President, Racine Numismatic Society 2013-2014; Variety Resource Dimes; See 6/8/12 CDN for my article on Winged Liberty Dimes; Ebay
I bid my max bid in whenever it suits me. If I win, fine, if I lose there is ALWAYS another coin/token/medal to persue.
I also have no problems with the idea of maximizing the sale price for the seller - I want to encourage them to put additional items for sale that I might be interested in.
Collecting:
Conder tokens
19th & 20th Century coins from Great Britain and the Realm
People complain about sniping, and now people complain about bidding early. I guess there is no pleasing people, or forum members.
<< <i>could someone PLEEEEZE explain to me the point of being the high bidder throughout an auction, a $100 coin should not be bid up to $97.50 with four days left. is there a sense of victory to know that you "own" the coin throughout the entire auction ?? chances are your gonna lose it anyway, so why not wait until the last day to bid ? or just bump it by a penny or two. do these idiots realize that by doing this in effect they are costing themselves money (should they win it) what is the sense in riding the bid until the last second ? its annoying in the sense that people are so stupid. id like to hear from anyone with enough sack to admit to doing this, with even a comical explanation what is the point ? >>
LOL... that was quite the little rant for something that, given your own explanation, should have zero net effect on you or your bids.
Allow me to show you the size of my sack (everyone else feel free to look the other way):
I see an item I want. I bid the maximum I am willing to pay for it when I see it. I forget about said item until I am out-bid or until I win the item.
By bidding strong money for an item early I push potential bidders out of the chase as they get frustrated getting overbid by my maximum bid time and time again. I effectively reduce the size of the playing field by giving the impression (whether real or illusion) that I will continually beat out other bids.
Now, there are of course ways to find my maximum bid without taking any real risk and I have seen bidders make use of this tactic in auctions I have run. I block those bidders from doing business with me in the future as it is an unfair practice.
<< <i>I do it all the time.
I bid my max bid in whenever it suits me. If I win, fine, if I lose there is ALWAYS another coin/token/medal to persue.
I also have no problems with the idea of maximizing the sale price for the seller - I want to encourage them to put additional items for sale that I might be interested in. >>
agreed
That's the only way I ever bid on a coin.
I was confronted with about 30 IHC, all red, all from the same seller when I
decided to try for them all.
I had a window open for each of them as they were closing 2 minutes apart.
I won them all at very low prices, but had to question my sanity for even trying it.
I finished the last one and just collapsed! Went straight to bed.
There are some things you have to put your highest bid in early.
My most memorable was Chet Atkins' first recording, a 1947 78RPM stock copy
with the original Bullet sleeve. I'd been looking for one for over 10 years and wasn't
about to get outbid on it. It had never even been played.
I bid WAY more than it sold for (thankfully) but as I said, I had to have it.
Even a confirmed sniper like myself loses many auctions to other snipers.
There is no sure way to be the last bidder or the high bidder.
If anyone else felt the way I did about Chet, they could've done the same thing
I did and the winner would've paid moon money for it.
JT
I collect all 20th century series except gold including those series that ended there.
Some folks just don't get the psychology part of ebay auctions. It is simple to say just bid your maximum and sit back. But this ignores human nature. It gives someone else, positioned to lose, time to reconsider and bid just a little more. And it gives snipers the upper hand.
IMO the smart thing to do, if you really want to compete, is to do nothing until the auction is nearly over. Bidding early adds to the interest and gets more bidders vying. Sniping conceals interest and is more effective at keeping the price lower and winning.
I think the process is flawed and ebay ought to implement a true auction-like end game...such as the way David Lawrence handles it (no higher bids for a few minutes). But that's not the ebay game. So smart bidders work the system.
Lance.
<< <i>ok, maybe i should have typed this in crayon >>
Right tool for the right job I always say. But perhaps you should have said what you meant in the OP instead attempting to make it look like you are spelling out what you've already said.
<< <i>im talking about the idiots that will watch an item and submit a higher bid as soon as they are outbid, im not talking about the guy that bids a dollar amount and them maybe on the last day bumps his bid, im talking about two or three people bidding back and forth during the entire auction. just to beat thier chest that they are the high bidder i guess, , the post had nothing to do with me bidding on the item, i dont collect modern crap, i just noticed the auction >>
Uhh... ok. I'm going to go with... because they enjoy it. It is a cheap thrill for them to make it feel more like a real live auction where people bid back and forth against each other.
<< <i>In my opinion bidding your max anytime before the last min of the auction is just plain dumb. By bidding your max at the beginning of an auction you raise the price early in the game for no need. Anyone can simply come in the last min of the auction and snipe your bid and win the coin for cents more then your max. Now if you were to wait till the end of the auction to bid your max not only would the price of the coin be lower (Hence) giving you a better chance that your max bid will win the coin. But you would also end up owning the coin for less then your max 90% of the time. Just my opinion but I think bidding your max early in a auction is just plain dumb on any buyers part. Even if I truely want the item and will pay moon money for it I still wont bid till the last 5 seconds, then I simply bid my insane moon money bid and win, so far my moon money bids I have won the item for much much much less then I thought I would. >>
Because your bid will automagically go up when no one else is interested in the item? Pure genius.
The only way your bid goes up is when someone else is willing to pay the same amount or more than you. This fact never changes. Not from the first second of the auction to the last. It makes NO difference. You two boneheads are operating under the assumption that no one out there can determine the value of an item for themselves without seeing what someone else has or hasn't paid for it.
Some people just want to always be in the lead with or without benefit and even at their own detriment.
<< <i>could someone PLEEEEZE explain to me the point of being the high bidder throughout an auction, a $100 coin should not be bid up to $97.50 with four days left. is there a sense of victory to know that you "own" the coin throughout the entire auction ?? chances are your gonna lose it anyway, so why not wait until the last day to bid ? or just bump it by a penny or two. do these idiots realize that by doing this in effect they are costing themselves money (should they win it) what is the sense in riding the bid until the last second ? its annoying in the sense that people are so stupid. id like to hear from anyone with enough sack to admit to doing this, with even a comical explanation what is the point ? >>
Well, for one thing this post is annoying. You are annoying. Why does it bother you that other people spend their money as they wish!!?? It sounds like someone lost a wittle auction and is pissed because he couldn't rip it or snipe it in the last few seconds. Come on! Get real! If you want the coin then bid on it!
if i could figure out how to make the phont larger i would, I HAVE NO INTEREST IN THE COIN. can you read that now ?
So I am a bonehead now for having a different view on something?? Now that is just plain comical.
You are correct when you say that the auction price will not change unless there is more than one bidder. I think the problem is that you get several people bidding there max early in the auction causing the price to skyrocket early. With an auction having such a high price early it tends to attract more people to the auction to see what all the hype is about, in turn causing new collectors, or veterans alike to think there is something more there then there is. With more attention on the item the more watchers, more bidders, higher price for an item that generally doesnt warrant the price tag. Great for a seller, not so great for a buyer. I personally like to win my items for less then retail. Hopefully you can make a more educated response to this other then name calling
<< <i>and here is another idiot that cant read, ormandh, did you bother to read any of the post or are you just poking around in ther dark ?
if i could figure out how to make the phont larger i would, I HAVE NO INTEREST IN THE COIN. can you read that now ? >>
THEN WHY DOES IT BOTHER YOU!!!
As a seller I've noticed a lot less sniping going on. I don't know if the sniping programs are charging more or what. Perhaps people got tired of falling asleep and missing a coin. But I've notice more and more that coins may sit at the final price for hours or days with no sniping. People seem to be throwing in their max bid and waiting for an e-mail from ebay telling them whether they won or not. --Jerry
Once in a while, I'll get some bids in, just to try to give others (snipers) something to think about- they may not be able to steal the coin, cheap, at the last moment- they may have to bid SOMEWHERE NEAR WHAT THE COIN'S WORTH, maybe even more---- GOD FORBID!!!.
(sometimes BUYERS seem to not not comprehend that if sellers dont get fair prices once in a while, those sellers are gonna disappear!!!!!)
funny story- I had software set up on two machines to handle the bidding- one was in control of Walker #1- my high bid was set, but no bidding yet. The PC CRASHED; I hadn't set up the 2nd machine to participate on this item.
eBay took over: every time somebody bid, ebay cut into my max to cover. with 2 days left, my max is about used up; I'm as high as I want to go- for a coin I like-- and I have ~ 0 chance of winning: someone's coming in for $2 more in the final seconds. which they did (they may have been willing to go for a bit more- so it wouldnt have mattered ...oh, well )
1879-O{Rev}: 1st coin of my "secret set"
it may not be the individuals doing it (see my last post- what happens when your PC goes down, and your software is no longer in charge.)
1879-O{Rev}: 1st coin of my "secret set"
Some will place a token bid just to get the coin on their "interested in" list vs a watch this item list.
Some will place such a bid and never bid again. If they win, they're glad - if they don't, they don't!
I understand where the OP is coming from, perfectly. Serious bidders lay low and come outta nowhere
seen only at the very end. True snipers bid in this fashion. It takes all types though. I can recall times,
years ago, when people could see one anothers' IDs, going toe to toe with someone - just because!
I don't use a sniping program and will make my mark at some point, particularly if multiple
items go off within moments of one another. Just depends on how I feel - but if I'm serious I'll hit the BIN
or wait till the last minutes in an auction. Other times I'll just place the token bid and let it ride. JMHO, FWIW!
I've seen many different people bid in as many different ways. Usualy, in the end - it all works out.
My opinion is based solely on my perspectives as bidder AND seller!
seated ... I'm on the same fence you're on. That type of bidding behavior is loved by sellers and hated by snipers. Sellers appreciate action, snipers survive on stealth. From the sniper perspective you want the least amount of attention on an auction possible, set your max bid and fire with less than 2 seconds left (I work in manual mode which sucks for auctions ending during the day while I'm at work). The activity you've described is probably from some well-funded numismatist, a shill, or biddiot. Bottom line it benefits the seller, not the ultimate buyer. Which may be why you're hearing some poo-poo's here. As you can probably see from my screen name I'm a variety collector. Nothing floats my boat higher than spotting an unattributed Morgan or Peace dollar VAM that sells for moon money, watching it for seven days and seeing that no one else has spotted it, pulling the trigger with 2 seconds left, then seeing that EBay "winner" screen. Then I scroll down to see that I won the coin for $40 on a $700 bid. I need a tissue!
As a Seller = GOOD
As a Buyer = Not Good
It all depends on your perspecitive.
<< <i>could someone PLEEEEZE explain to me the point of being the high bidder throughout an auction,
a $100 coin should not be bid up to $97.50 with four days left Whose rule is that about the $100 coin. Do you make the rules? Why do you 'should' your delusional beliefs on others?
. is there a sense of victory to know that you "own" the coin throughout the entire auction ?? Not for me, if I see a coin I'm interested in, I make one offer which is the most I would pay for it. i could care less if I'm the high bidder throughout. At the end of the day, I win as many as I lose, no big deal.
chances are your gonna lose it anyway, so why not wait until the last day to bid ? Incorrect assumption
or just bump it by a penny or two. do these idiots realize that by doing this in effect they are costing themselves money (should they win it) We all have a different view on the value of money. I spend money to make money. Sometimes I spend more than I should, sometimes less, it all evens out. Nothing to be alarmed at.
what is the sense in riding the bid until the last second ? its annoying in the sense that people are so stupid. What is bothering you anyway? Why not take your opinions and make them work for you instead of against yourself. If you believe the above sentence, make it work to your advantage. Otherwise you are behaving stupid.
id like to hear from anyone with enough sack to admit to doing this, with even a comical explanation what is the point ? >>
Do you get the point? We all think and behave differently, no one is right or wrong in their bidding behavior, they follow their own rules just as you follow yours.
Now kindly get your prescription refilled.
<< <i>and here is another idiot that cant read, ormandh, did you bother to read any of the post or are you just poking around in ther dark ?
if i could figure out how to make the phont larger i would, I HAVE NO INTEREST IN THE COIN. can you read that now ? >>
Midol is good for what ails you.
<< <i>i regularly pay (willingly) 2-3x trends or more >>
Can someone PUUUULLLLLLLEEEEEEEZZZZE tell me why anyone who is sound of mind and otherwise not blind or ignorant do this?
Early high bidding bodes well for a high price and amatuer bidders that typically overbid and then wonder if paying is mandantory.
In the end, it is in bad taste to show your hand early; whether it be a function of narcissism or poor judgement.
Miles
If i see something that i want that i have been looking for for years, i may throw in a max or near max bid almost immediately especially if no one has bid yet, so that the seller does not stop the auction for lack of interest or he may be nervous that he won't get top dollar or some other reason. Sometimes the seller halts the auction if there is no activity early or if he feels that the item may sell for too low a price-This has happened to me more than once. If, on the other hand, the seller sees that he is getting top dollar with 4 days to go-he most likely will not end the auction. Even with this possibility-I usually take my chances with sniping. JMO. Bob