NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you give an opinion of a person or company your full name needs to be in your post. Contact the moderator at leon@net54baseball.com should you have any questions or concerns. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB
Old Cardboard

Go Back   Net54baseball.com Forums > Net54baseball Main PreWWII Forums > Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions

Reply
 
Thread Tools Display Modes
  #1  
Old 03-27-2013, 05:41 PM
frankbmd's Avatar
frankbmd frankbmd is offline
Fr@nk Burke++
Member
 
Join Date: Nov 2011
Location: Northern Wisconsin, Southern California,but usually heading East or West
Posts: 1,916
Default High Bidders Who Overbid on Ebay?

Increasing your max bid on Ebay does not require any minimum increment. If a bidder is the high bidder at $99.99, he can then sequentially place bids of $100, $100.01, $100.02, $100.03, etc. for as long as he wants to. The bid count will go up, but otherwise nothing changes. An underbidder seeing a string of overbids by the high bidder could react in several different ways.

1. He could be intimidated thinking the high bidder was out to win at all costs.

2. He could be vindictive and sequentially increase the bid slowly to force the high bidder to pay more.

3. He could be seriously interested in the item and raise the bid in a playful manner to determine if there was any pattern (ie fixed increment) to the overbidders pattern, so as to determine what a successful snipe bid might be without shooting the moon.

There may be other motives for either bidder, either of whom might be accused of shilling with a pattern such as this, but starting another shilling thread is not my intent.

I have considered the string of penny overbids to intimidate other bidders, but have never done it. All it takes is one underbidder, who doesn't even realize he is being intimidated to foil that strategy. Otherwise it just seems foolish to me to overbid multiple times as the end result will probably be a higher price paid regardless of which party wins.

If the high bidder has overbid just over the previous high bidder and below the incremental bid, which is easily determined, a single overbid to establish a new unknown threshold seems like a fair strategy.

I guess my question is how do members react when they see a string of 3 or more bids by the high bidder at the top of the list. Are you intimidated (#1), vindictive (#2), just a playful pattern seeker (#3), or suspect a shill (#4)?

I suppose (#5) should be added for those who place such overbids. And I would ask your reasoning for such bids, if I am missing something.

Added note: My son's PhD thesis was on "Auction Theory", which we discuss from time to time. I guess he's just a chip off the old block.
__________________
FRANK:BUR:KETT - ALMOST OLD ENOUGH TO BE ON A PREWAR CARD.

518/1000 Monster Number --- WHAT'S YOUR MONSTER NUMBER?
Wagner, Plank, Doyle NY Natl, Magie, Demmitt (SL) & O'Hara (SL) are the 6 still needed.

*268* successful B/S/T transactions completed in 2012-14.
Over 130 satisfied Board members served.
Thank you all.

Last edited by frankbmd; 03-27-2013 at 09:07 PM.
Reply With Quote
  #2  
Old 03-27-2013, 06:10 PM
Sean's Avatar
Sean Sean is offline
Sean Costello
Member
 
Join Date: Dec 2012
Location: Woodland, California
Posts: 1,074
Default

Frank, if I really wanted the card I would respond with a #3 strategy, trying to guess the pattern and ultimate high bid. I might get carried away and bid more than I had planned. I would have to really want this card, though.
Reply With Quote
  #3  
Old 03-27-2013, 06:16 PM
HRBAKER's Avatar
HRBAKER HRBAKER is offline
Jeff
Member
 
Join Date: May 2009
Location: Johnson Co., Kansas
Posts: 4,135
Default

Frank,
Sadly I have reached the point where I assume that almost nothing on ebay is an "arms-length" transaction, so I set a snipe for the most I am willing to pay and move on.
__________________
Check out my aging Sell/Trade Album on my Profile page

HOF Type Collector + Philly A's, E/M/W cards, M101-6, Exhibits, Postcards, 30's Premiums & HOF Photos

"Assembling an unfocused collection for nearly 40 years."
Reply With Quote
  #4  
Old 03-27-2013, 06:18 PM
Runscott Runscott is online now
Scott F
Member
 
Join Date: May 2009
Posts: 7,145
Default

Quote:
Originally Posted by HRBAKER View Post
Frank,
Sadly I have reached the point where I assume that almost nothing on ebay is an "arms-length" transaction, so I set a snipe for the most I am willing to pay and move on.
Ditto - no head games for me with ebay.
__________________
$co++ Forre$+

Belltown Vintage Cards
Reply With Quote
  #5  
Old 03-27-2013, 06:25 PM
frankbmd's Avatar
frankbmd frankbmd is offline
Fr@nk Burke++
Member
 
Join Date: Nov 2011
Location: Northern Wisconsin, Southern California,but usually heading East or West
Posts: 1,916
Default

Sean, I'm with you on #3.

I fully realize there are many one time max bidders with a take or leave it strategy out there.

I also realize that everyone doesn't have time for head games, but the idea of placing a list of overbids just seems to invite curiosity or vindication to the determent of the overbidder, which was really my point.
__________________
FRANK:BUR:KETT - ALMOST OLD ENOUGH TO BE ON A PREWAR CARD.

518/1000 Monster Number --- WHAT'S YOUR MONSTER NUMBER?
Wagner, Plank, Doyle NY Natl, Magie, Demmitt (SL) & O'Hara (SL) are the 6 still needed.

*268* successful B/S/T transactions completed in 2012-14.
Over 130 satisfied Board members served.
Thank you all.
Reply With Quote
  #6  
Old 03-27-2013, 07:04 PM
doug.goodman doug.goodman is offline
Doug Goodman
Member
 
Join Date: Apr 2009
Location: On tour somewhere
Posts: 1,293
Default

The only bids that I pay any attention to, on items I am interested in, are those that are for more than I am willing to pay for the item. As soon as I see one of those, I lose interest in the item.

Doug
Reply With Quote
  #7  
Old 03-27-2013, 07:08 PM
glchen's Avatar
glchen glchen is online now
Gary Chen
Member
 
Join Date: Apr 2010
Posts: 1,593
Default

I usually think (4) shilling, but also that the bidder may be pretending that he is shilling to (1) intimidate other bidders. Therefore, I'm usually more careful around these auctions, but if I really want the item, I'll still place my max bid. If it's a card that comes around a lot, I'd probably avoid bidding on it which would mean the bidder's strategy worked in a way.
Reply With Quote
  #8  
Old 03-27-2013, 07:31 PM
Shoele$$ Shoele$$ is offline
Glenn
Gl.en.n Willr1ch
 
Join Date: Jan 2013
Location: Las Vegas
Posts: 469
Default

Quote:
Originally Posted by Runscott View Post
Ditto - no head games for me with ebay.
Exactly, I NEVER bid on ANY auction until the final 10 seconds......that's my rule. If my highest and best snipe doesn't take it down, oh well, I tried. It actually really annoys the living f*ck out of me when I see two jack asses bidding back and forth litterally for days.......silliness.

Last edited by Shoele$$; 03-27-2013 at 07:32 PM.
Reply With Quote
  #9  
Old 03-27-2013, 07:39 PM
EvilKing00's Avatar
EvilKing00 EvilKing00 is offline
Steve P
Member
 
Join Date: Oct 2012
Location: Massapequa Park New York
Posts: 1,375
Default

Quote:
Originally Posted by HRBAKER View Post
Frank,
Sadly I have reached the point where I assume that almost nothing on ebay is an "arms-length" transaction, so I set a snipe for the most I am willing to pay and move on.
same here
__________________
Successful transactions with: Drumback, Mart8081, Obcmac, Tonyo, markf31, gnaz01, rainier2004, EASE, Bobsbats, Craig M, TistaT202, Seiklis, Kenny Cole, T's please, Vic, marcdelpercio, poorlydrawncat, brianp-beme, mybuddyinc, Glchen & chernieto

Looking for T205's or anything Babe Ruth...email or PM me if you have any to sell.

www.howardbeachrealestate.net
Reply With Quote
  #10  
Old 03-27-2013, 07:52 PM
Sean's Avatar
Sean Sean is offline
Sean Costello
Member
 
Join Date: Dec 2012
Location: Woodland, California
Posts: 1,074
Default

Quote:
Originally Posted by Shoele$$ View Post
Exactly, I NEVER bid on ANY auction until the final 10 seconds......that's my rule. If my highest and best snipe doesn't take it down, oh well, I tried. It actually really annoys the living f*ck out of me when I see two jack asses bidding back and forth litterally for days.......silliness.
I actually get a laugh out of this kind of bidding, because it gives me an idea of how much they will each increase their bids, and I know that if I really want the card I can beat them. I usually still lose it to guys who use your last second snipe stategy.
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
This ebay auction will have bidders running to bid :):):) RichardSimon Net54baseball Sports (Primarily) Vintage Memorabilia Forum incl. Game Used 5 12-19-2010 07:50 AM
For You eBay Sellers With Non-Paying Bidders canjond Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions 3 12-17-2010 12:37 AM
eBay Masking all Bidders Archive Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions 23 03-11-2008 07:33 PM
EBay - hidden bidders?? Archive Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions 22 05-14-2007 05:14 PM
Ebay Shill Bidders fined Archive Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions 3 11-08-2004 10:16 AM


All times are GMT -6. The time now is 09:24 AM.


ebay GSB