Posted By:
davidcyclebackI'm not condoning anything and don't end an auction early if there is a bid, but I firmly beleive that snipers and last second bargain hunters contribute to auctions ending early. If a seller sees little to no bidding on his eBay cards days into an auction and is worried about them going for rock bottom, he may be happy to end an auction early to sell at a fair price. If a $200 card is sitting at 99 cents for five and a half days, many sellers would be relieved that someone wants to buy it for $180. If there was healthy bidding on the card, he likely wouldn't entertain the offer. And the reason it's sitting at 99 cents for five days is because of snipers and last second bargain bidders.
Most eBay sellers are less concerned about about the $200 card selling for $400 than the $200 card selling for the $9.99. And anyone who has sold on eBay has had the proverbial $200 card sell for $9.99. Snipers play into the sellers' fears that the $200 card will sell for $9.99.