From: Bobby Joe Pendleton (bjpendleton@charter.net)
Date: Sun Nov 07 2004 - 08:19:59 PST
I agree with David. I bid the max I am willing to pay.Some auctions end in
the middle of the night and I'm not willing to stay up and watch them. I
have "Won" most of my MV parts auctions for less than my max bid.Some of the
gun auction sites I deal with will extend the auction by 20 minutes if last
minutes snipers start bidding.
BjP
"Maneo Qualis Manebam"
----- Original Message -----
From: <DDoyle9570@aol.com>
To: "Military Vehicles Mailing List" <mil-veh@mil-veh.org>
Sent: Sunday, 07 November, 2004 11:04
Subject: Re: [MV] eBay mil veh stuff
> Can you or anyone explain to me the
> logic of bidding before the close? I bid the max I'm going to pay, not to
> "win" against someone else.
>
> Yes, I can. I have won lots of auctions, and I have lost a few. The ones
I lost, I lost because someone else bid more than I thought the item was
worth....almost exactly what you say in the second line above.
>
> If a left hand widget is worth 187.42 to me, its worth that the first day
its offered, as well as in the last seven seconds. If it were worth 188.00
to me I would have bid that. Just because Pete may think its worth 190
doesn't make it worth that to me.
>
> Ebay automatically increments the bids up to the preset limit. I have
always been amazed, and amused, to look at bid historys and see folks
bidding back and forth against each other as if it were a live
auction....they clearly do not understand the entire premise of "bid the
maximum amount you are willing to pay."
>
> Why wait until the last moments and have to rely on either my memory, my
internet connection, or some "services" hard or soft ware?
>
> If someone is bidding against me, they ONLY way they win is if they think
its worth more than I do, and bid accordingly. When they bid has nothing to
do with whether or not they win.
>
> You mention bidding early drives up the price. I don't understand how
that could possibly effect what the item is worth to me.
>
> In my example above, if you think the widget is worth 190 bucks, and I
think its worth 187.42, how does the time of my bid effect the final price
you pay? If I bid in the first minute, or the last minute, you still must
outbid me, and whether I bid in the first minute, or last minute, I still
must outbid the guy who thinks its worth 185.00. UNLESS someone doesn't get
the bid in before the end of the auction, the price will remain the same.
Since the only variable is a glitch in the bid process, I prefer to have 7
days to correct any errors, not 7 seconds.
>
> Regards,
> David Doyle
>
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