Like I didn't already know this was going to happen...

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#14

07-08-2006, 12:53 PM

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Like I didn't already know this was going to happen...

Posted By: davidcycleback

It is my firm belief that snipe bidding leads to auctions being ended early. If a seller sees little bidding on a lot and has experienced snipe bidding supressing final prices, he is more likely to end an auction early when someone give a healthy bid. If the auction has healthy bidding, he is less likely to end the auction early.

Collectors have discovered a technique to, as they themselves describe it, suppress bidding, keep other bidders away and get the auction lot to sell for as low as possible. And these collectors are surprised and dismayed to discover that sellers would try to counteract this technique?

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