Re: ebay bidding strategy
That's not a bad strategy. I have won many an auction by simply guessing what someone else's highest bid was and then bidding a cent or two higher. This only works if the auction is a bit lower than their highest bid. Using the earlier example, if the bidding is at $15.50 and I suspect the guys highest bid is $20, I'll wait until about 15 seconds left and bid $20.03 (in case he did $20.01 or .02)
Because of the way the incremental bidding system works, this only works if the bidding is lower like in this example. If his high bid was $20, and bidding was stopped at $19.56, given the 50 cent increments, I couldn't bid $20.03, obviously.
Last second bidding is the only way to fly on rare items. I'm the proud owner of a custom 22" Signature Paiste ride cymbal because of it, even though I was with a friend in NY at the time and I had to have my friend back home place my bid for me.
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