Quote:
Originally Posted by Leon
Let me make it simple to understand. Lets say you have a snipe set of $100. There is a legitimate bidder at $50. Then there is a snipe shill bid by the sellers friend at $95. That shiller isn't going to buy it he just wants to run up the price. His snipe (fraudulent shill) goes off at $95. So your snipe goes off and you win at $100. How would you feel now?
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If recent history of all completed auctions revealed a price around 100(hence your snipe bid max), then I would only be bothered by the fact that I didn't get a steal, and not that I was shilled up to what I felt was going rate. If I had put in a snipe 100.00 over recent completed auctions, and I was bid up to 195, then I would be pissed, but once again it comes back to being a smart buyer/bidder.