Quote:
Originally Posted by 89911
I've bid on Ebay enough to have a simple reason not to bid early if you want an item. The last 5 minutes is good. The last 5 seconds is better. The simple reason is it removes the second guessing many , including myself, have. You get greedy that your low ball deal is going to be the only one out there until someone else bids past you and you realize that your first offer wasn't in the ball park. I can't tell you how many auctions I won by bidding anywhere sooner then a day at the most. Even if no one has bid, it is better to wait until as late as possible with the highest amount you would bid.
|
I hear you on this.
Suppose though, that you and two other bidders really wanted an item. Let's suppose you want it really badly, but the other two also want it—but perhaps not quite as badly as you.
Wouldn't it be better to "probe" how high these two are prepared to bid earlier in the auction, rather than wait for the frantic last few minutes?
I mean, aren't there situations where its better to smoke out the competition earlier on—rather than risk losing an item in the last few moments?