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Thread: 15 minute rule - flustrating

  1. #91
    Moderator m16ty's Avatar
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    Quote Originally Posted by 98G View Post
    That won't work well when there's 60 identical lots of the same thing. Do you pick just one lot? Or do you risk winning multiples?

    Here's how that plays out - there's 60 lots. You want one lot. You're willing to pay $1000 for it. You toss a bid of $1000 at one of the lots and walk away. The next day you go review the results, and the lot you bid on closed at $1070, and the other 59 lots sold for $700. All 60 lots were sold to the same bidder, who now lists the items retail at enormous profit....

    i sincerely hope that m16ty and daybreak practice what they advocate...
    Actually what I do in that situation is start watching a hour before close time and usually won't bid until their is about 30 minutes left. I may get outbid and move over to another lot before close time but after set close time I usually just let my max bid ride and check back later to seen how it worked out.

    I don't see how it would be any better with 60 identical lots all ending at a fixed closed time with a bunch of people jumping in at the last second with snipe bids.

    The only thing that frustrates me is people trying to snipe with the 15 min rule. News flash, it doesn't work. That's what makes the auction go on for ever.
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  3. #92
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    Quote Originally Posted by m16ty View Post
    The only thing that frustrates me is people trying to snipe with the 15 min rule. News flash, it doesn't work. That's what makes the auction go on for ever.
    Fillibuster's a valid technique.

    Take the shot the other guy finally ran out of time, had a commitment, went to a meeting, saw something shiny and lost track, or just gave up on 1 of 2 cause he realized you only want one of them.

  4. #93
    Former SSG 98G's Avatar
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    Quote Originally Posted by rhurey View Post
    Fillibuster's a valid technique.

    Take the shot the other guy finally ran out of time, had a commitment, went to a meeting, saw something shiny and lost track, or just gave up on 1 of 2 cause he realized you only want one of them.
    THIS! Annoy the other bidders until they give up in disgust.

    Or the guy that wants all 19 lots will give up and let you have 1 lot just to keep you from running up the prices on all of them.

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