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<p>[QUOTE=&quot;Blaubart, post: 1668403, member: 37498&quot;]Snipe programs are useful to try and sneak in a bid without giving other bidders a chance to think about increasing their bid.</p><p><br /></p><p>I was bidding on a large lot of silver proof sets today.&nbsp; The bid was at $845 and about 20 seconds from the end, I placed a bid of $911.&nbsp; I was the high bidder until 2 seconds before the close where I got outbid and the lot sold for $921.&nbsp; I actually valued the lot at an absolute minimum of $950 and maybe I should have bid $950.&nbsp; But when I got outbid with only two seconds left, I didn&#039;t have a chance to reconsider what I was willing to pay and increase my bid.</p><p><br /></p><p>Snipe programs are sometimes successful because not everyone enters the absolute highest amount they are willing to pay until they get outbid by someone else.[/QUOTE]</p><p><br /></p>

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