On 30 Sep 2010 at 16:39, Sridhar Ayengar wrote:
Tony Duell wrote:
Hang on a second. If you list something with a
starting bid of, say,
$50 and you notice that plenty of people are wathcing the item and
yet nobody bids on it, doesnt; this suggest your starting bid is too
high?
Or they're all snipers.
Yup, there are some sections where sniping seems to be de-facto order
(e.g. oriental rugs).
As much as many people hate the practice, I see no difference between
sniping and sealed-bid auctions. Just bid what you're prepared to
pay.
--Chuck