|Oooh! Off Topic eBay Bidding Secrets! Warning!|
Message #7 Posted by Howard Owen on 13 Aug 2007, 4:20 a.m.,
in response to message #1 by Vincze
Now that I've averted your attention ..
Placing a bid at the last possible moment is called "sniping." It's the only way to avoid the stupid herd mentality created by the modified auction setup that practically guarantees you will lose or else pay too much - thereby losing as well.
With sniping, you decide in advance what your maximum bid will be for the item in question. If the item is higher than that in the last minute of the auction you don't bid. Raising your bid at that point will pull you in to the eBay psychology that tends to favor sellers - who are the real customers of eBay. (What are buyers to eBay? Products.)
Placing a snipe bid in time can be tricky. If you bid too soon, some fool is apt to outbid you. If you wait too long, your bid won't be accepted. In the former case, you might also be tempted to raise your bid again. To avoid all these problems, I use a sniping service. There are several of these. The one I use is eSnipe, though I don't know if they are better or worse than any of the many other such services. (Google is your friend.) eSnipe takes a small percentage of the final auction value, only if you win. If I see something I want on eBay, I decide what I want to pay, and place a bid with eSnipe. I then forget about the whole thing until I get an email telling me what the result was. This is usually a week or more later, and always comes as a slight surprise - often a pleasant one. Using eSnipe, I have never lost a bid because someone else sniped faster than I did. If I lose, it's because someone outbid me before the end of the auction.
Nowadays I don't buy off eBay too often. When I was building my collection, I did a whole lot more, and eSnipe saved me lots of money toward the latter part of my spending spree.
Best of luck.