10-31-2008, 02:18 AM
Hi Dryrod, thanks. I found that practice only seems to drive the price up though so I place my bid at what I figure is a good deal,(the highest amount I am willing to go) and by that I figure that at the amount I I will be bidding, with shipping added, I can turn around and sell the item, whether I needed it personally or just saw a bargain worth making a few dollars on, and feel it would be worth the time.
I will research the closed listings to see what that same or similar items have actually sold for first to give me a very good idea. Figure what I am willing to pay, in the case of the Hardy reel, it was 66 dollars so at 20 seconds left to go, that's what I will enter even though it has been sitting there at 10 bucks for the whole week with only one bid, that ten bucks may likely, and in this case obviously was, the starting price for the auction, NOT the bid.
That one other bidder wanted that and was willing to give 60 so that was his actual bid that you cant see, but being the start price was 10 bucks, that's what shows, anyone bids say 20 and enters, his 60 cap automatically kicks in and overrides the 20 by a buck.
now says 21 now and bidder 1 still has his bid locked in at 60, will play that scenario until that 61 dollar mark is reached.
Now, he's the only bidder and it says 10 but hes bid 60. and I have in this case valued it just a bit more at the 66. If I tried to find the bid he put on it any other way, he may well go higher, he already wants it 60 bucks worth so must know what it is. I bid my 66, confirms at 3 seconds left, end of story, If my 66 was not enough, which often is the case, oh well, on to the next of maybe 60 or 70 items I am watching, I haven't spent my 66 dollars, nor had I allowed myself the opportunity to get caught up in a bidding struggle that would likely cause me to invest more that I had rationally slated for it with time to research and think.
Hope makes any sense, if not, ebay has some of the best tutorial for the process out there,
BFS [fishin]
.
[right]
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[signature]
I will research the closed listings to see what that same or similar items have actually sold for first to give me a very good idea. Figure what I am willing to pay, in the case of the Hardy reel, it was 66 dollars so at 20 seconds left to go, that's what I will enter even though it has been sitting there at 10 bucks for the whole week with only one bid, that ten bucks may likely, and in this case obviously was, the starting price for the auction, NOT the bid.
That one other bidder wanted that and was willing to give 60 so that was his actual bid that you cant see, but being the start price was 10 bucks, that's what shows, anyone bids say 20 and enters, his 60 cap automatically kicks in and overrides the 20 by a buck.
now says 21 now and bidder 1 still has his bid locked in at 60, will play that scenario until that 61 dollar mark is reached.
Now, he's the only bidder and it says 10 but hes bid 60. and I have in this case valued it just a bit more at the 66. If I tried to find the bid he put on it any other way, he may well go higher, he already wants it 60 bucks worth so must know what it is. I bid my 66, confirms at 3 seconds left, end of story, If my 66 was not enough, which often is the case, oh well, on to the next of maybe 60 or 70 items I am watching, I haven't spent my 66 dollars, nor had I allowed myself the opportunity to get caught up in a bidding struggle that would likely cause me to invest more that I had rationally slated for it with time to research and think.
Hope makes any sense, if not, ebay has some of the best tutorial for the process out there,
BFS [fishin]
.
[right]
[/right]
[signature]