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Post by downundermoths on Jan 11, 2012 13:23:05 GMT -8
I hate those auction snippers !!! They have killed all the pleasure on Ebay... + it is a bad thing for sellers as it decreases final prices. Ebay should ban it as it also decrease their revenues. But I fully understand those who use it as it is very efficient ! ...oh my dear Olivier...You are so wrong here... How can it decrease final prices? Quite the opposite occurs... Sniping actually increases the final price because 'normal' bidding has already stopped before a final winning snipe bid comes into play. Sellers actually get an extra price increment... every time! Often there are two, or more, snipers 'bidding' and then the seller has a lovely surprise of a massive jump in the final few seconds. About 40% of my snipe bids are unsuccessful BTW... The 'fun' went out of eBay years ago. It is all about getting what you want by any means you have at your disposal within your own price frame... "win some...lose some"    Barry |
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Post by lordpandarus on Jan 11, 2012 19:10:27 GMT -8
But if the sniper bid is lower than the max bid of the previous bidder, the previous bidder still wins right?
The sniper does not automatically bid higher than the previous bidder's max bid?
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jan 11, 2012 20:44:33 GMT -8
Yep
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Post by africaone on Jan 11, 2012 23:35:54 GMT -8
this problem is no relied to the snipe ... it is a general rule for bidding !
note that in the case of ebay (and many others) the final price equal the penultimate offer + the minimum needed to beat a bid.
The final price is not the maximum offered (as it is case for "best offer" ... for example !)
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Post by wollastoni on Jan 12, 2012 8:42:12 GMT -8
Baz < just one recent example about the price decreasing. If I knew a crazy guy put more than my 110 USD for that Delias cinarescens uedai, I am pretty sure I would have tried 150...
So our friend Chris would have earned more than 112 USD for its nice catch.
With auction snipper, there is no more "poker raise" craziness on Ebay, and final price decreases.
That's why auction snipper are so effective for bidders.
By the way how much does it cost ?
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mygos
Full Member
Posts: 230
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Post by mygos on Jan 12, 2012 12:43:50 GMT -8
Olivier,
Next time you should bet 150 USD with your sniper, and you would have won it for 113 USD ? Unless He was a bit more ambitious ...
Au plaisir, Michel
P.S. I do agree with Barry saying that snipers increase the final price rather than the contrary !
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Post by africaone on Jan 12, 2012 23:04:35 GMT -8
Yes i agree also with Barry for a simple reason .... there are more people bidding beacause there is no time limit and o'clock is no more a problem.
the sample that Olivier showed is not due to sniper but to the market and the specificity of ebay ! An item can vary much in price depending a lot of paramaters (one of the reason ebay is so attractive ) !
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Post by wollastoni on Jan 13, 2012 0:18:42 GMT -8
Michel, Thierry < I did not say I would have won it at 113 or even 150, I don't know the max bid of that snipper guy. I just say the final price would have been higher for the seller because I would have rebidded.
Studies show that snipping is more effective for bidders, so it is not for sellers because there is less "irrational" bid & rebid.
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Post by wollastoni on Jan 13, 2012 0:25:19 GMT -8
An interesting article : ebay.about.com/od/buyingeffectivel1/a/_shp_sniping.htmThe Idea Behind “Sniping”The idea behind sniping is simple: because eBay’s goods are sold as auctions that end at a specific time, rather than after bidding slows down, clever buyers can wait until the last possible moment (often one or two seconds before the auction closes) to put in their final, high bid. Theoretically, this leaves competing bidders with no time to place counter bids, even though they were willing to spend more money. Advocates of sniping therefore claim two important benefits: • Lower auction closing prices due to fewer total bids •Less need to monitor and bid on existing listings; just bid once at the end |
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Post by africaone on Jan 13, 2012 0:30:02 GMT -8
"".... I just say the final price would have been higher for the seller because I would have rebidded.""
not sure !
" Studies show that snipping is more effective for bidders, so it is not for sellers because there is less "irrational" bid & rebid. "
this is for beginners, after a few of such bids, some are disguts and leave ebay, others became more quiet and find in snipping a good tool to avoid such bad experiences. On contrary, I think that some bidders that used snipper put a top value to be surer to win (as they are absent to rebid !), may be also the price are more logic and fit better to the real price someone estimated an item ! In final, mean price increases.
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Post by wollastoni on Jan 13, 2012 0:38:09 GMT -8
Nice discussion !  The problem with snipping is that it hides "real market value" until the end of the auction when no one can rebid. If a "never offered lep" is on Ebay, you don't really know if it worths 50$, 100$ or 500 $ (let's say Cirrochroa imperatrix). So you may put 100$ thinking it is a winning price but it is not... if you are overbidded, you have time to think if you want to rebid or not. With sniping you have no time. + If you put 10000 $ to avoid sniping bad surprise, then you take the risk of horrible sellers who bids on their own auctions... If you read all articles from "sniping companies", they all explain it will help you obtain specimens at better prices. |
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Post by africaone on Jan 13, 2012 0:56:28 GMT -8
".... If you read all articles from "sniping companies", they all explain it will help you obtain specimens at better prices "  I don't imagine they will say the contrary ! I consider that ebay is not a good way to sell high rarities (I always had bad surprises with this kind of items and never go up some hundreds €). Ebay bay is very good for classic items or small rarities not A1 (many good surprises !). For exceptional things or rarities A1, "private market" is very much better ! When an item becomes public (as the case for ebay), the interest decrease for many collectors (for many reasons). |
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Post by wollastoni on Jan 13, 2012 1:15:22 GMT -8
I agree with you about rarities.
And it's strange because the japanese ebay "bidders.co.jp" sells a lot of rarities everyday. Maybe Japanese are more genuine collectors less interested by "having the best price" than us. When they want a lep, they just want it, whatever it costs !
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Post by fred2802 on Jan 13, 2012 3:56:06 GMT -8
"Maybe Japanese are more genuine collectors less interested by "having the best price" than us. When they want a lep, they just want it, whatever it costs !" I must have Japanese blood |
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Post by lordpandarus on Jan 15, 2012 10:40:19 GMT -8
".... If you read all articles from "sniping companies", they all explain it will help you obtain specimens at better prices " I don't imagine they will say the contrary ! I consider that ebay is not a good way to sell high rarities (I always had bad surprises with this kind of items and never go up some hundreds €). Ebay bay is very good for classic items or small rarities not A1 (many good surprises !). For exceptional things or rarities A1, "private market" is very much better ! When an item becomes public (as the case for ebay), the interest decrease for many collectors (for many reasons). I dunno, I bid on ebay because it's safe and convenient. I only once inquired about a private sale in the Classifieds. About rarities it depends what you mean. People pay a high price for Ornithoptera , Parnassius, Agrias, rare Papilio ssp... For those uncommonly sold Nymphalids like Cirrochroa imperatrix, I think only a few people posting on this board want that, so I am not surprised when these sell for a low price If you put up for sale a rare African nymphalid like Harmilla elegans, and ask 200$ for it nobody's going to buy it, because most people don't know it rare and it's a small butterfly |
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