Early bidding prompts others to bid in increments above what they would
otherwise bid. Placing an early high bid, often just causes others to keep
placing multiple and higher bids which results in the early high bidder paying
more for an item that he/she would have paid by bidding at the last moment.
jay fishbein
wallingford, ct
________________________________
From: Mike Rambour <lists@dinospider.com>
To: spridgets@autox.team.net
Sent: Sun, April 3, 2011 6:01:02 PM
Subject: Re: [Spridgets] Cookie Jar
that perfectly describes me except for the wait to the last minute part.
I decide what I want to pay for it, sometimes add a little more and bid and
walk
away. A few days later, I either get a e-mail that I won or I get nothing.
But
to be fair sometimes I have ended up paying more for things than I would have
liked because if I really want it, I will make sure I get it when I bid. There
was a Lucas SLC/2 switch for sale 2 years ago at $23 with 4 days left. I knew
it would go over a $100 but I ABSOLUTELY needed so I bid accordingly, 4 days
later when I got the e-mail I was a little shocked at the final bid of $430 but
I got the switch with room to spare on my bid, it really went up over those 4
days. Usually (99.9999%) my bids are much more reasonable and I walk away and
wait for my e-mail, I have NEVER understood this waiting until the last few
seconds and will not.
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