On Mon, Mar 30, 2009 at 12:13 PM, Sridhar Ayengar <ploopster at gmail.com>wrote:
Of course. The point he was trying to make is that
non-snipe bidding is
counterproductive for the user bidding and just about everyone else.
You and he may believe that, but that doesn't make it true. Snipe bidding
is for two types of people 1) people who believe that they are somehow
entitled to pay less than an item is worth to somebody else (and believe
that snipe bidding will allow that to happen) and 2) people who can't set
limits for themselves and will continually bid up an item when their maximum
bid has been exceeded.
It's an auction. If someone is willing to pay more for an item than you
are, they get it. It's as simple as that. Enter your real maximum bid on
day 1, and if you don't win, let it go. Losing an auction isn't a personal
failing. It's easy.
There are only two ways you can go wrong, by entering a bid that is larger
than you think an item is worth, or by entering a bid that is less than you
think an item is worth.
Personally, I've gone through a lot of auctions on ebay, and the only time
I've been disappointed is when the USPS refused to pay an insurance claim on
an item that they were clearly at fault for damaging. (It had been dropped
from a high enough height that some flat items
penetrated the bubble wrap
they were wrapped in, through an inch of Styrofoam and
through the cardboard
box. I figure it was at least an 8 foot drop. According the the Post Office
it was an inadequate packing job.)
On the other hand, I have been defrauded by people offering items in emails
to mailing lists or newsgroup postings, despite having had far fewer
transactions of that sort.