Upping one's own bidding.

[Jack Cantrell]

There are at least two reasons to up one's own bid.

Remember, what you are bidding up is your limit, and
not your price.  If your limit exceeds that of your
competitor, you take the lead as buyer, but not at
your limit price.  Therefore, incrementing one's own
bid at the last minute is an attempt to prevent a
counterattack, which as Terry points out, is most
likely to be timed.

However, you may also want to increment your bid well
before the end game.  This happens when the lead buyer
finds that although they have the high bid, it's not
enough to clear the reserve price.  If you see in the
bidding history that one buyer has incremented their
bid 3 or 4 times without challenge, two days before
the auction ends, they have probably been trying to
find the reserve price.

It's a good idea when selling not to set your reserve
price so high that it makes the end game unattractive.

Jack     ab0ox


--- Terry Perdue <terryp at HALCYON.COM> wrote:
> I recently got outbid in the last 15 seconds for
> something I wanted badly.
> What a disappointment. Now I hear there's a free
> service called snipe.com
> that will do that.
>
> In my case, I was fortunate in that the seller, who
> was in London, contacted
> me to tell me that his coworker had the same item -
> also nearly new - that
> he was willing to sell me for $300 less, without
> bothering with eBay. It
> came today, and is just like new.
>
> I'd still like to hear your strategy though, Murray.
>
> Terry
>
> ----- Original Message -----
> From: Ed Gardner <egardner at TWCNY.RR.COM>
> To: <HEATH at LISTSERV.TEMPE.GOV>
> Sent: Tuesday, January 23, 2001 7:45 PM
> Subject: Re: Upping one's own bidding.
>
>
> > Multi-Volti Devices wrote:
> > >I have a strategy that usually works for bidding.
> >
> > If you want it and its still at a reasonable
> price, wait till,
> > literally, the last minute and bid as little over
> the current price as
> > you can. Works for  me every time.
> >
> > 73
> > --
> > Edward Gardner
> > KC2BYA, FISTS #6940
> > NNN0BDP NAVMARCORPMARS
> > ------------------------------------------------
> > We have no government armed with power capable of
> > contending with human passions unbridled by
> morality
> > and religion. Avarice, ambition, revenge, or
> gallantry,
> > would break the strongest cords of our
> Constitution as
> > a whale goes through a net.  Our Constitution was
> made
> > only for a moral and religious people.  It is
> wholly inadequate
> > to the government of any other.
> >
> >                         - John Adams, Oct.11, 1798
> >                           Address to the military
> >
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