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eBay Inc. (EBAY) Message Board

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  • virginianx10 virginianx10 Jun 15, 1999 4:23 PM Flag

    The problem with E-Bay auctions

    I have been involved in something like 200 Ebay
    auctions and have won almost 100. I do "snipe", which
    means bid at the last second, as you describe. I can't
    remember a single auction where I didn't bid my limit.
    There is no penalty for doing so (a point you make). I
    was outbid by substantial sums in many of the
    auctions that I lost. The only "steals" I have ever gotten
    were when there was no one else bidding � in that
    circumstance the timing of bids is irrelevent. I guess if we
    bidders were all in the same room, we could get caught up
    in "bid fever"... but that can't be achieved in a 24
    time zone system. Ebay offers the only real bidding of
    any of the sites so far, because the others are so
    relatively immature. Ebay's system works great (when it's
    up). Even so, it is hard to imagine Ebay generating
    enough income to support its current cap... or anything
    close to it.

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