[CR]Snipe bidding


Example: Racing:Roger de Vlaeminck

From: "David Bean" <beandk@rcn.com>
To: "CR List (E-mail)" <classicrendezvous@bikelist.org>
Date: Sat, 23 Feb 2008 22:13:39 -0500
Subject: [CR]Snipe bidding

When I started buying and selling on Ebay around 2000 I quickly realized that the only way I could actually buy anything was by automatic sniping. The reason is that Ebay has a bastard model: a "conventional" auction with a fixed ending time. I suggested to them long ago that they keep the bidding open until it stops - like a regular auction. With the fixed ending time, you have the equivalent of a sealed-bid auction. A sniping service lets you submit your sealed bid at the moment (almost) that the bids are opened. As another poster pointed out, you [effectively] make your bid and forget about it. No more palpitations or sweaty palms or emotional and reckless disregard of the limit you set yourself - you just look at your email the next morning.

David Bean
Arlington, MA
beandk at are-see-enn dot com