Quote:
Originally Posted by Mark17
Live auctions have nothing to do with time. Going going... then I place a higher bid. Again, going going... you outbid me. And we could go back and forth for 10 minutes or more, to the auctioneer and consignor's delight.
In a live auction, and lot by lot closing online auctions, I ALWAYS have the chance to place another bid. With a timed close like ebay, I don't. Many times I've tried to get my snipe bid in and missed by a second or two, meaning, the clock denied me the chance, and the auctioneer and consignor missed out on some dough.
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Sure they do. Live auction you know when time is up. Going once, going twice, sold. If you don't bid your time is up. Its up for all in the same manner. There's not a clocked time, but still a time frame in which to bid. If the auction says over by 10pm EST you ALWAYS have the chance to win as well.
You have the same right if it closes by clocked time as well. If someone has a higher bid you should have bid more vs trying to save money. Snipe is the chance you take vs giving your best or highest bid. You do so hoping to save yourself money. People have different approaches. Some put in one bid at their highest price and walk away. Others try to sneak a bid in hoping to save money vs being OK with their max bid. You win or lose the same in either scenario. My gripe is stay in one lane, and make sure its easy to understand the rules in place.