At 01:44 PM 10/27/98 +1, you wrote:
Please ? The whole idea of sniping is just to avoide a
real
competition situation. In fact, it may lower the price of
all 'needed' goods, because nobody will get a chance to top
the sniper. So a final price might have been higher.
Very true. Assume your max for item X is $100. Opening bid is $1. You
bid $100 on the first day, and the high bid is $1. Day 2, another bidder
comes along and bids $20. You still have the high bid for $21. The other
bidder sees that and tries again, this time putting in $40. Your bid is
now $41.
If, however, you wait 'til the last minute, the other bidder will bid $20
and that's it. You can come along at the last minute and snipe him for
$21, saving you $20.
Keep in mind, too, that not all categories get the inflated prices that the
older computers get. I've got a box full of Donald Duck stuff (Rachel's
birthday is 11/9) that I got at prices ranging from decent to outright
theft.
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