My feeling is sellers would use auctions more if they thought they'd get fair sales prices in return. I'm sure that after having a $200 item for for $9.99, many sellers aren't about to relay on those promises of magical snipes with 2 seconds left.
Buyers found a technique (last second snipes) to get the lowest price possible at auction, then are shocked and dismayed when auctioneers don't like selling things for the lowest price possible and choose to sell a different way.
Yes, I firmly believe that snipes are the main cause for the demise of auctions. I said this perhaps two years ago.
I also understand and appreciate that snipes help prevent being shilled, but snipes are still why auctions have died out on eBay. If you want to say snipes and shills were co conspirators, I'll go along with that.
Last edited by drc; 05-26-2011 at 03:09 PM.
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