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<p>[QUOTE="funkee, post: 1922849, member: 37925"]Sniping only works because many bidders do not actually enter their true maximum bid. Rather, they bid in small increments, perhaps hoping to get a deal. This proves costly at the end of the auction when a sniping tool can submit a bid faster than a human. But if you actually enter your true maximum, the sniping tool doesn't have any advantage. As far as whether either practice affects the closing price can be argued.</p><p><br /></p><p>I've also seen buyers bid, then increase their max many times by a few dollars or cents each time. Because eBay counts each increase, they are artificially inflating the bid count. I guess their thinking is other potential buyers will not bother to bid, if they think there's a lot of competition already for that item.</p><p><br /></p><p>If I was browsing through listings and saw an item at $95.00 with 2 bids, I might be more inclined to also bid. When that same item is at $95.00 with 42 bids, I might pass, thinking I probably won't get a good deal if I manage to win it.[/QUOTE]</p><p><br /></p>
[QUOTE="funkee, post: 1922849, member: 37925"]Sniping only works because many bidders do not actually enter their true maximum bid. Rather, they bid in small increments, perhaps hoping to get a deal. This proves costly at the end of the auction when a sniping tool can submit a bid faster than a human. But if you actually enter your true maximum, the sniping tool doesn't have any advantage. As far as whether either practice affects the closing price can be argued. I've also seen buyers bid, then increase their max many times by a few dollars or cents each time. Because eBay counts each increase, they are artificially inflating the bid count. I guess their thinking is other potential buyers will not bother to bid, if they think there's a lot of competition already for that item. If I was browsing through listings and saw an item at $95.00 with 2 bids, I might be more inclined to also bid. When that same item is at $95.00 with 42 bids, I might pass, thinking I probably won't get a good deal if I manage to win it.[/QUOTE]
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