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<p>[QUOTE="10gary22, post: 1423328, member: 23626"]What probably happened was his maximum bid was higher than yours, so he was given the preference at your high bid with the snipe. If you had put say $1000 maximum bid on items you want that are expected to sell for $100 or so, you are likely to win every time.</p><p><br /></p><p>Sure it has risk, but not as much as you would expect, you are only going to outbid the highest buyer by the minimum increase. So you end up paying the auction market value of the item. Kinda insures you get what you want. </p><p><br /></p><p>The only loss you might have is if someone really wants the item and they greatly over bid it's value. Then you gotta contact them and make them a deal and take a smaller loss.</p><p><br /></p><p>I believe I have missed out on a good number of bids by someone doing what I just described ? I think there are a few coin dealers doing it, hoping the items go for under FMV to resell them in their stores.</p><p><br /></p><p>IMHO</p><p><br /></p><p>gary[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1423328, member: 23626"]What probably happened was his maximum bid was higher than yours, so he was given the preference at your high bid with the snipe. If you had put say $1000 maximum bid on items you want that are expected to sell for $100 or so, you are likely to win every time. Sure it has risk, but not as much as you would expect, you are only going to outbid the highest buyer by the minimum increase. So you end up paying the auction market value of the item. Kinda insures you get what you want. The only loss you might have is if someone really wants the item and they greatly over bid it's value. Then you gotta contact them and make them a deal and take a smaller loss. I believe I have missed out on a good number of bids by someone doing what I just described ? I think there are a few coin dealers doing it, hoping the items go for under FMV to resell them in their stores. IMHO gary[/QUOTE]
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