Date: Mon, 30 Mar 2009 19:05:08 +0100 (BST)
From: ard at p850ug1.demon.co.uk (Tony Duell)
I don;t understnad this. How come if I put in my high
bid several days
before the end of the auction does it make others bid higher?
Because many of the buyers on Ebay are not rational--or at least, not what
you and I would consider rational. Rather than deciding ahead of time on
their maximum bid, they check the item over an over again during the
auction and if they've been outbid, they enter a higher bid--usually $2 at
a time, until theirs is the highest bid.
If you come along and outbid them, they will do this again. If there are
two of them, they'll do it to each other in a rather comical fashion (not
so comical if you want the item in question).
The only way to defeat these jokers is to not bid until the last moment,
depriving them of the chance to come nickel and dime you to death.
Even if they don't outbid you, several of their little increments will
drive your price up. Remember, you don't pay your bid amount, you pay a
fixed increment higher than the second highest bid amount.
Of course, from a seller's point of view, these folks are (maybe) useful.
Jeff Walther