[Archive]

Posted By: Mark

I have no problem sniping 10 seconds out vs. 5 seconds. Does anyone really think that a buyer who is monitoring an auction, but was not already planning to manually enter a bid, is going to be able to, all within 10 seconds, (i) notice a 10-seconds-out sniper bid, (ii) decide whether or not he wants to bid a higher amount, and (iii) enter such higher amount? If so, do you also believe the Warren Report? IMHO, those who manually place their bids within the final 10 seconds of an auction were already planning to do so regadless of a 10-sedonds-out sniper bid.