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Cupid
Posted: Fri Apr 15, 2016 2:19 am
Post subject:
An interesting discussion.
I generally agree that basing your sniping on the early bidding activity, on a single auction, tends to be unwise.
However, I also tend to agree that if you find that your research has not been as exhaustive as you at first thought, or that there are aspects of the item for sale that others have spotted, and you had not, at first, then there can be some justification to revising your opinion on what something is worth, to you.
It is very rare for me to revise a snipe upwards, I can not remember having done so even once in the past few years, much more often I delete that snipe and move on, occasionally I place a early bid just to get one in at the rate I am prepared to pay, before it goes above that limit, and then delete the snipe. However, I do quite a lot of research on every item I take an interest in, which includes many websites other than just Ebay, and I also look at the market worldwide.
Ramona
Posted: Fri Apr 15, 2016 1:08 am
Post subject: Re: Outbid Alert
Rickajho wrote:
Guesstimating "what the market will bear" - even with research - is not an exact science. Consequently neither is what you are willing to bid some times.
I'm afraid that I have to disagree with you. Market forces should be totally irrelevant in determining what an item is worth to
you
- and that's the
only
factor which should be relevant when placing a snipe.
To use your example, when you placed a snipe of $100 on the item, then that should have been the maximum you were prepared to pay for it. You were in effect saying that even if the item sold for $100.01, you would not have wanted to buy it at that price, as it's more than it was worth to you.
So why would somebody else bidding $150 (or $1500 or $15000) on the item cause you to change your mind?
Rickajho
Posted: Thu Apr 14, 2016 8:00 pm
Post subject: Re: Outbid Alert
Ramona wrote:
Why on earth would you do that, though?
The whole point in using a sniper (like Gixen) is to decide in advance what the maximum you would be willing to pay for the item is. If you later increase your snipe based on the current price of an auction, then you obviously haven't set the snipe correctly in the first place.
I wouldn't be too hard on this person. There can be a large amount of gray area between what
you
think something is worth and what market forces are saying the item is worth. More than once, if I really wanted an item, I had to change my mind about what I was willing to snipe as I was waaay off in my thinking about what other people were willing to pay for it.
I'm not talking about nickel and dime increasing your snipes. I'm talking about placing a snipe on "X" for, let's say, $50.00 and three days before the auction close the bidding has shot past that by way over 50%. And several times for the same/similar item in different listings. If you see what you want selling for much more than you thought it was worth time and again - you probably got it wrong about current market values.
Guesstimating "what the market will bear" - even with research - is not an exact science. Consequently neither is what you are willing to bid some times.
Ramona
Posted: Thu Apr 14, 2016 8:23 am
Post subject: Re: Outbid Alert
AvWants wrote:
I have gone into Gixen a couple of times in the past to check the current high bid on an item and found that it had already exceeded my max bid. Luckiy I checked and could up my max bid, but I wouldn't have known if I hadn't checked.
Why on earth would you do that, though?
The whole point in using a sniper (like Gixen) is to decide in advance what the maximum you would be willing to pay for the item is. If you later increase your snipe based on the current price of an auction, then you obviously haven't set the snipe correctly in the first place.
mario
Posted: Wed Apr 13, 2016 9:18 pm
Post subject:
Yes - take a look at the settings page, there is a notification option. You require mirror subscription for this, however.
AvWants
Posted: Wed Apr 13, 2016 6:45 pm
Post subject: Outbid Alert
Is there a way for me to receive an email alert when the bidding on an item has exceeded the max bid I have loaded into Gixen? I have gone into Gixen a couple of times in the past to check the current high bid on an item and found that it had already exceeded my max bid. Luckiy I checked and could up my max bid, but I wouldn't have known if I hadn't checked. An email alert would sure be appreciated and would keep me from wondering and worrying about being outbid all the time.
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