Just bid once the maximum you would have been prepared to pay. if someone tops your bid by couple of £'s just before the end then you wouldnt have been able to afford it anyway. Besides, even if the someone tops your bid and wins by a few pounds, their atual bid may have been much, much higher anyways.
I used to bid early, just so people that knew me would see my name on the bid list and give me a chance.
Now bids are all anonymous, so no sense in putting up a low spot bid at all.
Now, I never bid early, or my maximum... Why? because "Frankie Bid-a buck" will take shots at it all day long.
Say you see an auction at £7, and know that the item is worth up to £35.
So you place your maximum bid at £28... When you place your Bid, the item is now listed at £8....
Now, "Frankie Bid-a buck" steps in and thinks, "Oh Heck, I'll bid £9..." But your maximum is higher than that, so he loses.
Does he stop, no he thinks, well I would have actually paid a bit more, so he bids another £, then two, then five... Now
Your bid has been bumped up to £19...
Other people may bid in the process, but let's say the bid is still at £19 the day the auction is to end.
"Frankie Bid-a buck" comes back and with a bit of regret thinks, I can out bid that. So he bids another £ or six, and pushes your bid
up to £25 the auction ends, you win, all is good in the world...
However, consider this,.... If you had only put in a spot bid, so that you could be reminded that the auction was ending, or just
signed up to be alerted to the ending of the auction, THEN, "Frankie Bid-a buck" would have felt like he won the auction at £9.
You could come back and snipe the bid in the last minute with your Maximum bid still at £28, and bought the item for £10.
"Frankie Bid-a buck" would have never gotten a chance to push up the price toward your maximum bid. If you snipe with your
maximum bid, and lose,... well that was your "maximum", and someone else just needed the item more, and was willing to pay more.
That is one reason why you see sniping....
