Ebay bidding

ken_swearingen · Post by **ken_swearingen** » Fri Mar 04, 2005 10:34 am

I know this was discussed before,but if you bid on an item and then put in your absolute max bid if the item never gets close to your max bid what happens are you automatically the winner and at how much, in other words if you put in a bid for $1.00 and your max bid is $10.00 the bidding doesn't go beyond $5.00 what happens?

phlemmy · Post by **phlemmy** » Fri Mar 04, 2005 10:41 am

if there's no reserve price on the item, you got it at $5. you'll be notified by eBay and the seller after the end of the auction.

ken_swearingen · Post by **ken_swearingen** » Fri Mar 04, 2005 10:47 am

If the item gets too $5.00 such in such is the high bidder i would get it for $5.10?

marty · Post by **marty** » Fri Mar 04, 2005 11:17 am

If the bidding is going up in increments of 10 cents then you would be the winning bidder at $5.10 if you had placed a $10.00 bid and the previous high bid was $5.00.

Bidding might go up in increments of 50 cents or a dollar or more for higher valued items.

ken_swearingen · Post by **ken_swearingen** » Fri Mar 04, 2005 11:22 am

Thanks for the info guys

aceonbass · Post by **aceonbass** » Fri Mar 04, 2005 2:05 pm

Never bid you're maximum bid(or any bid at all)until right before the auction closes. Even if you win, bidding in advance almost always results in a contest between two people who want it. Ya, I know it's called "snipe bidding" but I'm in it to win and pay as little as possible. Bidding well in advance of an auction's end is like showing people your cards before you place a bet.

philipharris · Post by **philipharris** » Sat Mar 05, 2005 3:05 am

dead right Dane, AS i've just found out to my cost!

apollo11 · Post by **apollo11** » Sat Mar 05, 2005 3:35 am

Dane,
You are completely right. Bidding a maximum bid early just keeps raising the price against your bid, and a fellow bidder often wants it even more if he isn't the high bidder. Bidding wars often become psychological, driving the price over what both parties had planned to pay. Usually, a bidder(s) will keep upping the price until he is over your maximum bid, without regard to what they had in mind to spend. Don't go with a high ceiling bid until near the end, and you'll do away with a lot of fast increases in price, and keep the overall end price lower.

You may want to get into the bidding early to show that you are a player in the item, but don't go ceiling until near the end. You'll be surprised how the price will stay down, if your maximum bid isn't in the game until near the end.

incubus2432 · Post by **incubus2432** » Sat Mar 05, 2005 4:54 am

While I agree somewhat with Dane, Philip and Andrew recently I have decided that if I want something I will just determine what I am willing to spend and place my max bid early. Then I just try to ignore the auction until it is over. If I really want/need something I am typically willing to pay a premium for it and if someone else is willing to pay more then they can have it. Putting in my max just keeps me out of the bidding wars.......and I do know the price may end up somewhat higher with my method but that is why I decide what whatever it is is worth to me rather than what other bidders may offer.

rictified · Post by **rictified** » Sat Mar 05, 2005 6:33 am

I place my maximum bid early and then sit on it during the last hour in case my maximum changes, haha!(which it does often as I get caught up in the heat of it) If you really want something put in a high bid, sometimes it scares people into stopping. That is if you REALLY want the item. When I bid on my jetglo 72 4001FL in 2001 I eventually placed a 1500.00 reserve which was high back then because I really wanted it and I ended up paying close to that, the second highest bidder was a fairly well known store that specializes in Rics. I didn't understand reserve bidding at that point and luckily someone told me about it, I almost got sniped.

wints · Post by **wints** » Sat Mar 05, 2005 8:12 am

The late snipe method is the best, but as I found out recently it sometimes pays to put a bid in early at a lower price just to let the seller know your in the game.
I missed out on a horseshoe because no one else bid and he decided to sell to the current high bidder at the current price which was $100....

apollo11 · Post by **apollo11** » Sat Mar 05, 2005 9:06 am

That's why it's good to get in the game early with a bid, not necessarily a high bid, so they'll be less hasty to cancel an auction.

marty · Post by **marty** » Sat Mar 05, 2005 9:36 am

I was bidding on something and was the only bidder with my maximum bid of £20.00 for six days in a seven day auction and in the last minutes I was outbid so I went a litter higher and was outbid again by the same person.I had one final bid of £27.00 but I'd been outbid again by the same person, so I lost the auction which was won for £28.00.

Within an hour I got a second chance offer from the seller as the previous winner was unable to complete the transaction as ebay says.

I'm just wondering if there was something fishy going on, because I was notified so quickly that there was a second chance being offered.
It's almost as if the seller or one of his mates was bidding against me to pump the price up.
Maybe I'm paranoid and there was a genuine reason for getting the second chance offer, but I'm declining it anyway.

leftyguitars · Post by **leftyguitars** » Sat Mar 05, 2005 9:44 am

It look like a typical case of "shrill bidding" That is he registered with Ebay twice under two different IDs (quite legal under Ebay rules) then bid up his own auction to bump up the price (Illegal under Ebay rules, but commoner that most people realise).

leftyguitars · Post by **leftyguitars** » Sat Mar 05, 2005 9:47 am

If you still want the item, offer the original bid price after all the bids from the "non buyer" have been removed. As, if he has backed out, ALL his bids become invalid.