22 Feb
2006
22 Feb
'06
8:13 p.m.
It might make the most sense in online auctions if ALL bids were snipes.
Simply bid what you're willing to pay for the item and if it's more than
the reserve and higher than any other bid, you've won it by whatever the
bid increment is. That's the way I bid on all of my eBay purchases. When
I place my snipe bid, I say "I'd be willing to pay this much for the item,
after which either I'm not sufficiently interested or I know where I can
purchase the same thing cheaper". There's no stress of seeing if anyone
else has bid more than I. If I want the item badly enough, I'll get it--no
"auction fever".
There are some categories where sniping seems to be the rule more than
exception and others where the reverse is true.
Cheers,
Chuck