Re: C65 on Ebay

From: Gerrit Heitsch <gerrit_at_laosinh.s.bawue.de>
Date: Mon, 13 Nov 2017 08:24:32 +0100
Message-ID: <72a05b8e-6e8b-b0e3-7494-4e55808ccd8a@laosinh.s.bawue.de>
On 11/12/2017 10:56 PM, smf wrote:
> On 12/11/2017 21:51, Gerrit Heitsch wrote:
>>
>> Ebay is not really an auction since it has a hard time limit. That 
>> means, there is only one way to play this game. You place exactly one 
>> bid with the maximum amount you are willing to pay and you do that as 
>> close to the end of the auction as you can. I usually manage under 10 
>> seconds.
>>
>> This way there will be no bidding wars.
>>
> If only you could convince everyone else to act in the same way.
> 
> The bidding war is to scare everyone else off, because you both want a 
> scarce resource.

Yes, and if it were a real auction, it might work. But the way ebay 
works it only drives the prices up without any real benefit.

My way has worked quite well so far.

It would be totally different if an auction on Ebay would be extended by 
5 minutes after each bid.

  Gerrit


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Received on 2017-11-13 08:00:02

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