JimB,
Mostly you are correct, but not everyone snipes. If there is an item at auction and I am willing to go $1000. I enter my max bid 4 days before and wait for auction to end. Another bidder is willing to go $600. He puts his max bid in and is immediately outbid. He then thinks maybe I'll try $700 and puts another bid in only to get outbid again. So he tries one more time and puts in $800. Nobody else bids higher than $600 and auction ends. Putting my bid in early cost me an extra $200 in this instance. This is my reasoning for sniping.
It can backfire on you if there is an item you "have to have" and place an aggressive snipe and someone else does the same. But as has said before, just bid the highest amount you are comfortable bidding.
JimVB also brought up a good point if you can't be at the computer at the time the auction ends, a sniping service is great.
Mike
Last edited by docpatlv; 09-22-2009 at 11:10 AM.
Reason: sp
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