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<p>[QUOTE=&quot;-jeffB, post: 2742333, member: 27832&quot;]Folksy as always, but in this case, you&#039;ve got it exactly backwards. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie11" alt=":rolleyes:" unselectable="on" unselectable="on" /></p><p><br /></p><p>When you set a snipe, you ARE placing your max bid -- you just aren&#039;t <i>disclosing</i> it to anyone attempting to bid against you. (Yes, your early high bid is also secret, but every bid against you discloses whether your max is higher or lower than that amount.)</p><p><br /></p><p>If the final seconds of the auction are driven by snipes, then there isn&#039;t <i>any</i> &quot;bidding frenzy&quot;, because there&#039;s no time for emotion to drive people to bid higher.</p><p><br /></p><p>And how can the winning bid be &quot;a good bit higher than anybody ever expected&quot;? Each participant set their maximum bid. That&#039;s pretty much the <i>definition</i> of stating an expectation.</p><p><br /></p><p>If, in contrast, you place your maximum bid early, some excitable person can keep bidding against you until they exceed your maximum -- and then somebody else can feel compelled to outbid <i>them</i>, and so on. It provides more opportunity for emotion to drive the bidding higher. Naturally, eBay wants to encourage this, because it also maximizes their FVF income. Equally naturally, more and more bidders have caught on, and bought out of the psychological game.[/QUOTE]</p><p><br /></p>

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