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ldarrellcSenior Member
Posts: 510 Joined: 05 Oct 2006
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Posted: Sun Dec 03, 2006 4:02 pm |
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From a sellers point of view....... and If I put on My auction that I will close the auction 1 hour early if no interest to cut down on sniping will that hurt or help My auctions?
_________________ Remember All My coins I show and display are for sale or trade. Just PM me or email me. TY
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eagamesExpert Member
Posts: 3013 Joined: 15 Nov 2005
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Posted: Sun Dec 03, 2006 4:38 pm |
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I have seen sellers say that but it seems foolish to me.
In reality most winning bids happen in the last minutes and in an auction the only bid that matters is the highest bid.
I think it's best without saying that, if anything it might turn away the final highest bidders from bidding.
If sellers think that way they're wrong, they try to lure bidders with a low reserve and expect bidders to set a reasonable reserve for them early on or they cry foul. They can't have it both ways.
I'd just let the auction work naturaly, let the highest bidder win whenever they bid and if you realy need a reserve set one but I've seen they do best without reserves anyway.
Good luck on that item.
_________________ Ed
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GabeSenior Member
Posts: 691 Joined: 11 Jul 2003 Location: Gainesville, FL
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Posted: Mon Dec 04, 2006 12:38 am |
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I have sold many things on Ebay, and 90% of all winning bids come from people sniping at the last minute.
I have found it useless to run 7 day auctions, since bidding doesnt really start until day 3 or so. If you claim in your ebay auction that you will cancel the auction early if there are no early bids, it will just draw away potential buyers.
_________________ -Gabe
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coppercoinsSite Admin
Posts: 2809 Joined: 29 Jun 2003 Location: Springfield, Missouri.
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Posted: Mon Dec 04, 2006 9:24 am |
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I have found that the 7 day auctions still serve their purpose, because 3 days doesn't give all the prospective buyers time to see it. I have the auctions start and end on a weekend, or during the evening if I can't get them started on the weekend.
The whole thing about sniping and trying to prevent it? What the hell for??? That's how you get most of your bids. Who's it hurting anyhow? The seller?? I certainly think not! Any seller who ends their auction early to prevent sniping is a moron, plain and simple. Sorry to be so blunt, but it's childish and stupid.
_________________ C. D. Daughtrey
owner, developer
www.coppercoins.com
cd@coppercoins.com
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smedSenior Member
Posts: 624 Joined: 21 Oct 2003 Location: Zephyrhills Florida
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Posted: Mon Dec 04, 2006 6:54 pm |
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I agree. However, I also think the ones that say that in their listings are trying to get bidders to bid early rather than wait in hopes of getting higher bids.
Personally, I use a paid sniping program for almost all my bidding. Why? The main reasons are: I won't get into a bidding war and thereby be a bidiot, I stand a better chance of getting a lower winning bid, and much less chance of bidder's remorse.
_________________ Life Member American Numismatic Association (ANA), Pensacola Numismatic Society
Life Member American Veterans (AmVets), Veterans of Foreign Wars (VFW), Fleet Reserve Association (FRA)
Member Loyal Order of Moose
Member American Legion
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rollmeupabeVeteran Member
Posts: 424 Joined: 22 Apr 2004 Location: Plymouth, Massachusetts
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Posted: Mon Dec 04, 2006 8:48 pm |
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I just learned something new. I did not realize the concept of "sniping" existed. As a seller I am now understanding why my bids may not have brought in as much as I thought they were worth, especially when there were no bids until the very end.
As a buyer I am off to find out how to get a sniping software package !!
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