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So you're the winning bidder all week until the last 5 seconds when someone shoots in and outbids you. Is there anything to help prevent that from happening or is that just a fact of web auctions?

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2 Answers

up vote 9 down vote accepted

Bid the real maximum price you're willing to pay, then if you lose you don't mind because you didn't want to spend that much anyway.

As for a real answer, I don't think there's a trick beside bidding at the last second too.

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Yeah, but if I don't have to spend even as much as I'm willing to spend then I'd rather not... I suspect you're right, just thought I'd throw it out there in case anyone's come up with something. –  squillman Aug 4 '10 at 1:33
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.. but you do have to be willing to spend more than everyone else is, if you want to buy the item. The only way to know if you are willing to spend more or if someone else is willing to spend more is to bid your real maximum. You don't figure out the answer to the question "who wants this the most?", Ebay's system does. –  gbroiles Aug 4 '10 at 5:41
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@squillman eBay uses an autobid system to ensure that your current bid is only just higher than the next highest bid - it won't automatically bid up to your maximum bid unless there is another high bidder. You should read up on how eBay works. –  Kirk Broadhurst Aug 4 '10 at 7:53
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Those people that outbid you might be using an eBay sniper application which places bids at the closing seconds of an auction (e.g. gixen.com). You could use one of these utilities yourself.

Unfortunately, using these snipers is actually better for the bidder than using eBay's functionality (auto bidding) since you can keep your interest in the item, and the amount you are willing to pay, a secret up to the last seconds of the bid. By using eBay's feature, someone can figure out what your maximum bid is by placing a higher bid incrementally. It's unfortunate since it makes sniping apps required to win most bids at a reasonable price.

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I use SnipeSwipe for this and am very happy with it. It's a web app, so nothing to install. –  Reid Sep 17 '11 at 20:02
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