Why do people bid on things during the duration of the auction?

[idNut]

Isn't it just stupid to jack the price up? Someone is doing it now and it's severely PISSING me off! I want to get this shirt at a low price goddamnit, not pay $60 like I almost did for a Doom II shirt.

 

[Fausto]

NEWS FLASH!!! PEOPLE REPORTED TO BE INCREDIBLY STUPID!! FILM AT ELEVEN!!!

 

[iamme]

^ what he said

remember, not everyone is eBay savvy.

 

[xospec1alk]

sometimes people can't be at their computers when the end time nears, so they place a bid. thats my reasoning for it. other than that, maybe they're just n00bs who dont know any better.....

 

[minendo]

Why do people bid on things during the duration of the auction?

Because they can.

 

[DurocShark]

If everybody sniped at the end of the auction, what do you think would happen?

 

[idNut]

Originally posted by: iamme
^ what he said

not everyone is eBay savvy.

I wonder if I can snipe these two morons then. Just hope there isn't a proxy bid, that's like the kevlar vest and helmet when you try and snipe at the last minute. The fvcker gets on the plane with the hostage (eBay item). <CounterStrike Voice>Terrorists Win.</CounterStrike Voice>

 

[Garet Jax]

Originally posted by: DurocShark
If everybody sniped at the end of the auction, what do you think would happen?

The person who was willing to pay the most would win and all emotion and competition would be removed from the bidding process. Great for buyers and not so good for sellers unless they had a hot item.

 

[Savij]

Cause you can put down the max you are willing to pay and not worry about it anymore?

 

[Garet Jax]

Originally posted by: Savij
Cause you can put down the max you are willing to pay and not worry about it anymore?

The problem is that if you are willing to pay $20 for something and you could have won it for $20.50, then most people would have still wanted to buy it. The issue is that a lot of people prescribe to this theory and it ends up jacking up the price.

The most recent example was for a computer game. The auction was for the game, the expansion back and both cheat guides. All were used. I was willing to pay $25 (with shipping). Two guys got into a bidding war and ending up paying almost $40 (with shipping) for the auction. The problem was that it was available brand new from Amazon for $39 shipped.

I made sure to email the winning bidder the link to the Amazon to show him how stupid he had been.

 

[idNut]

Originally posted by: Garet Jax

Originally posted by: Savij
Cause you can put down the max you are willing to pay and not worry about it anymore?

The problem is that if you are willing to pay $20 for something and you could have won it for $20.50, then most people would have still wanted to buy it. The issue is that a lot of people prescribe to this theory and it ends up jacking up the price.

The most recent example was for a computer game. The auction was for the game, the expansion back and both cheat guides. All were used. I was willing to pay $25 (with shipping). Two guys got into a bidding war and ending up paying almost $40 (with shipping) for the auction. The problem was that it was available brand new from Amazon for $39 shipped.

I made sure to email the winning bidder the link to the Amazon to show him how stupid he had been.

Classic.

 

[dullard]

Originally posted by: Garet Jax

Originally posted by: Savij
Cause you can put down the max you are willing to pay and not worry about it anymore?

The problem is that if you are willing to pay $20 for something and you could have won it for $20.50, then most people would have still wanted to buy it. The issue is that a lot of people prescribe to this theory and it ends up jacking up the price.

The most recent example was for a computer game. The auction was for the game, the expansion back and both cheat guides. All were used. I was willing to pay $25 (with shipping). Two guys got into a bidding war and ending up paying almost $40 (with shipping) for the auction. The problem was that it was available brand new from Amazon for $39 shipped.

I made sure to email the winning bidder the link to the Amazon to show him how stupid he had been.

That is even more likely to happen in a last minute bid - where they don't have time to look up the real price. Simply put if you bid a medium bid at the beginning - it will turn off a whole lot of your competition. They won't even give it another thought and you walk away with the item at a medium price that you are happy with. If the price stays low then everyone wants it and everyone bids at the end shooting the price sky high. Sure there is the small chance that they'd all forget about it and you can sneak in at a low price - but that is rare if the item is worth purchasing. So
1) guaranteed medium price or
2) probable high price with small chance of low price.
which do you choose? I guess it depends on whether you are a gambling man.

 

[idNut]

Originally posted by: dullard

Originally posted by: Garet Jax

Originally posted by: Savij
Cause you can put down the max you are willing to pay and not worry about it anymore?

The problem is that if you are willing to pay $20 for something and you could have won it for $20.50, then most people would have still wanted to buy it. The issue is that a lot of people prescribe to this theory and it ends up jacking up the price.

The most recent example was for a computer game. The auction was for the game, the expansion back and both cheat guides. All were used. I was willing to pay $25 (with shipping). Two guys got into a bidding war and ending up paying almost $40 (with shipping) for the auction. The problem was that it was available brand new from Amazon for $39 shipped.

I made sure to email the winning bidder the link to the Amazon to show him how stupid he had been.

That is even more likely to happen in a last minute bid - where they don't have time to look up the real price. Simply put if you bid a medium bid at the beginning - it will turn off a whole lot of your competition. They won't even give it another thought and you walk away with the item at a medium price that you are happy with. If the price stays low then everyone wants it and everyone bids at the end shooting the price sky high. Sure there is the small chance that they'd all forget about it and you can sneak in at a low price - but that is rare if the item is worth purchasing. So
1) guaranteed medium price or
2) probable high price with small chance of low price.
which do you choose? I guess it depends on whether you are a gambling man.

SHHH! Quit educating people!

 

[djheater]

Originally posted by: xospec1alk
sometimes people can't be at their computers when the end time nears, so they place a bid. thats my reasoning for it. other than that, maybe they're just n00bs who dont know any better.....

Sometimes I reconsider how much I'm actually willing to pay for something. I think "Well, maybe I'll pay $5 more." Come to think of it, this has never resulted in me winning the item, (that I remember), maybe I should stop.

 

[Alchemist99]

Actually it purely instinctive behavior something subconscious that forces one to mark their
territory very similar to a dog peeing on a bush. Of course I?m very progressive so I don?t do that sort of thing.

 

[JetsFanatic]

Originally posted by: xospec1alk
sometimes people can't be at their computers when the end time nears, so they place a bid. thats my reasoning for it. other than that, maybe they're just n00bs who dont know any better.....

Ditt0!