• OT(ish) - bidding in eBay auctions

    From David@21:1/5 to All on Thu Mar 23 18:31:03 2023
    I very rarely buy things on eBay, so looking for some expertise, please.

    I understand that you should be prepared to hold back on your highest bid
    until the last moment if possible.
    Also that there is a mechanism to allow you to set a maximum bid higher
    than your current bid.

    Is there any way to estimate a price?

    I am currently looking at GeForce GTX 1070 cars and there seem to be quite
    a lot on offer.
    I can't tell if the top bid is submitted some days back (because there is
    tacit agreement on an average value) or if everyone is sweating over a hot keyboard for the last 30 seconds of the auction.

    Is there a tool which will give you the average winning bid over a
    category?

    Price for a 1070 seems to be just over the £100 mark at the moment, but I haven't tracked a winning price yet.


    Cheers



    Dave R


    --
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  • From Chris@21:1/5 to David on Thu Mar 23 20:30:47 2023
    David <wibble@btinternet.com> wrote:
    I very rarely buy things on eBay, so looking for some expertise, please.

    I understand that you should be prepared to hold back on your highest bid until the last moment if possible.
    Also that there is a mechanism to allow you to set a maximum bid higher
    than your current bid.

    Is there any way to estimate a price?

    I am currently looking at GeForce GTX 1070 cars and there seem to be quite
    a lot on offer.
    I can't tell if the top bid is submitted some days back (because there is tacit agreement on an average value) or if everyone is sweating over a hot keyboard for the last 30 seconds of the auction.

    Is there a tool which will give you the average winning bid over a
    category?

    You can search by sold and/or completed bids. It's buried in the filtering options. This will show you the going rate for the same card in other
    recent bids. Set your maximum bid to something near it and be prepared to
    lose a few before you win one.

    Price for a 1070 seems to be just over the £100 mark at the moment, but I haven't tracked a winning price yet.

    There are loads of cards out there so unless you need one urgently, be
    picky.

    Having a quick look they seem to be going for between £105-150. I'd aim for about £120.

    I did this about 18 months ago with a 1660 Super and got one for a decent
    price after the 5th or 6th bid. Maybe more. I forget.

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  • From Jeff Gaines@21:1/5 to David on Thu Mar 23 21:48:03 2023
    On 23/03/2023 in message <k83k77Fp2m0U12@mid.individual.net> David wrote:

    I understand that you should be prepared to hold back on your highest bid >until the last moment if possible.

    Yes! To me that's the exciting bit, have the figure entered in the box and press "send" 5 seconds before the auction closes.

    Also that there is a mechanism to allow you to set a maximum bid higher
    than your current bid.

    If you put your highest bid in the bid box and send it the system will
    only increase your actual bid when you are out-bid. There are also sniping tools but it's more fun to do it manually :-)

    --
    Jeff Gaines Dorset UK
    I can please only one person per day. Today is not your day.
    Tomorrow, isn't looking good either.

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  • From Abandoned_Trolley@21:1/5 to David on Thu Mar 23 21:39:38 2023
    On 23/03/2023 18:31, David wrote:
    I very rarely buy things on eBay, so looking for some expertise, please.


    Also that there is a mechanism to allow you to set a maximum bid higher
    than your current bid.


    Yes - "standard" eBay bidding does that for you anyway.

    So, imagine for example you see something which has already had a few
    bids on it and currently stands at £20 but you are willing to pay £100
    for it ?

    Then if you bid £100 for it, an automatic bid will be placed for you but
    only as high as it needs to go. So if your competing bidder has entered
    a maximum of £30, then your automatic bid will be £31, or whatever is
    needed for you to win the item.

    Somebody else then places a bid of £35, and eBay will instantly enter a
    bid of £36 for you... etc etc

    I believe that when you place a bid you are simply entering your
    maximum, and eBay does the rest for you.




    Is there a tool which will give you the average winning bid over a
    category?



    yes - as Chris says its all in the filtering.

    Just scroll down the sidebar on the left of the screen and check the
    "Sold Items" box in the "Show Only" section. You can then sort the
    results in price order to give you an idea - but not sure about averages :-\




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  • From SH@21:1/5 to Jeff Gaines on Fri Mar 24 19:20:51 2023
    On 23/03/2023 21:48, Jeff Gaines wrote:
    On 23/03/2023 in message <k83k77Fp2m0U12@mid.individual.net> David wrote:

    I understand that you should be prepared to hold back on your highest bid
    until the last moment if possible.

    Yes! To me that's the exciting bit, have the figure entered in the box
    and press "send" 5 seconds before the auction closes.

    Also that there is a mechanism to allow you to set a maximum bid higher
    than your current bid.

    If you put your highest bid in the bid box and send it the system will
    only increase your actual bid when you are out-bid. There are also
    sniping tools but it's more fun to do it manually :-)



    There used to be sniping services available where you could set it up to
    bid in the last 10 seconds of an auction with the absolute maximum
    you're prepared to pay....

    Using that instead of eBay's own automated bidding reduces the build up
    frenzy in the days before close where people up their maximum bids.

    By sniping in the last 10 seconds, no one gets a chance to increase
    their max bid or bid manually enough.

    Obviously if others are using sniping software then all bets are off :-)

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  • From Chris@21:1/5 to i.love@spam.me on Sat Mar 25 12:18:09 2023
    SH <i.love@spam.me> wrote:
    On 23/03/2023 21:48, Jeff Gaines wrote:
    On 23/03/2023 in message <k83k77Fp2m0U12@mid.individual.net> David wrote:

    I understand that you should be prepared to hold back on your highest bid >>> until the last moment if possible.

    Yes! To me that's the exciting bit, have the figure entered in the box
    and press "send" 5 seconds before the auction closes.

    Also that there is a mechanism to allow you to set a maximum bid higher
    than your current bid.

    If you put your highest bid in the bid box and send it the system will
    only increase your actual bid when you are out-bid. There are also
    sniping tools but it's more fun to do it manually :-)



    There used to be sniping services available where you could set it up to
    bid in the last 10 seconds of an auction with the absolute maximum
    you're prepared to pay....

    Using that instead of eBay's own automated bidding reduces the build up frenzy in the days before close where people up their maximum bids.

    By sniping in the last 10 seconds, no one gets a chance to increase
    their max bid or bid manually enough.

    Obviously if others are using sniping software then all bets are off :-)

    Never understood the point. Maximum bid is your maximum bid. Didn't matter
    if it's the day before or 10 seconds before. It just encourages you to pay
    over the odds because of FOMO.

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  • From Andy Burns@21:1/5 to Chris on Sat Mar 25 12:31:58 2023
    Chris wrote:

    SH wrote:

    Obviously if others are using sniping software then all bets are off :-)

    Never understood the point. Maximum bid is your maximum bid. Didn't matter
    if it's the day before or 10 seconds before. It just encourages you to pay over the odds because of FOMO.

    Even if you are determined not to increase your maximum bid, by making
    your bid early you allow others to increase theirs, therefore you are
    more likely to miss out on the item ... so unfortunately sniping works.

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  • From SH@21:1/5 to Andy Burns on Sat Mar 25 18:02:39 2023
    On 25/03/2023 12:31, Andy Burns wrote:
    Chris wrote:

    SH wrote:

    Obviously if others are using sniping software then all bets are off :-)

    Never understood the point. Maximum bid is your maximum bid. Didn't
    matter
    if it's the day before or 10 seconds before. It just encourages you to
    pay
    over the odds because of FOMO.

    Even if you are determined not to increase your maximum bid, by making
    your bid early you allow others to increase theirs, therefore you are
    more likely to miss out on the item ... so unfortunately sniping works.





    precisely.... I rest my case m'lud!

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  • From Abandoned_Trolley@21:1/5 to All on Sun Mar 26 09:42:58 2023
    On 25/03/2023 18:02, SH wrote:


    Even if you are determined not to increase your maximum bid, by making
    your bid early you allow others to increase theirs, therefore you are
    more likely to miss out on the item ... so unfortunately sniping works.



    precisely.... I rest my case m'lud!



    Which leads me on to a long held theory of mine ..

    Which is that we could save time by reducing some 7 day auctions to 7
    minutes.

    Out there in the world of real auctions some lots are hammered out in a
    matter of seconds and I would say it's very unusual to see one last 2
    minutes.


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  • From Andy Burns@21:1/5 to All on Sun Mar 26 09:50:22 2023
    Abandoned_Trolley wrote:

    Which leads me on to a long held theory of mine  ..

    Which is that we could save time by reducing some 7 day auctions to 7 minutes.

    Out there in the world of real auctions some lots are hammered out in a matter of seconds and I would say it's very unusual to see one last 2 minutes.

    I'm surprised eBay doesn't offer alternative formats such as dutch
    auctions, or auctions where the end time extends every time someone
    outbids the current winner ...

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  • From SH@21:1/5 to All on Sun Mar 26 11:27:41 2023
    On 26/03/2023 09:42, Abandoned_Trolley wrote:
    On 25/03/2023 18:02, SH wrote:


    Even if you are determined not to increase your maximum bid, by
    making your bid early you allow others to increase theirs, therefore
    you are more likely to miss out on the item ... so unfortunately
    sniping works.



    precisely.... I rest my case m'lud!



    Which leads me on to a long held theory of mine  ..

    Which is that we could save time by reducing some 7 day auctions to 7 minutes.

    Out there in the world of real auctions some lots are hammered out in a matter of seconds and I would say it's very unusual to see one last 2 minutes.




    the trouble with that is the most common time for people to browse eBay
    is Wednesdays...

    So the whole point of a 7 day listing is to reach out to as many people
    during that 7 days so that they either become watchers or set their max
    bid or diarize to do a spot of sniping....

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  • From Abandoned_Trolley@21:1/5 to All on Sun Mar 26 11:55:25 2023
    On 26/03/2023 11:27, SH wrote:


    So the whole point of a 7 day listing is to reach out to as many people during that 7 days so that they either become watchers or set their max
    bid or diarize to do a spot of sniping....


    All true of course

    But the other difference between eBay and the real world is that the
    bidding process is extended for the entire duration of the viewing.

    In a normal auction a catalogue is produced, sometimes weeks in advance, followed by lengthy viewing hours or days, and then the actual bidding
    process might be completed in a minute or so.

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  • From Theo@21:1/5 to Andy Burns on Sun Mar 26 12:51:48 2023
    Andy Burns <usenet@andyburns.uk> wrote:
    Abandoned_Trolley wrote:

    Which leads me on to a long held theory of mine  ..

    Which is that we could save time by reducing some 7 day auctions to 7 minutes.

    Out there in the world of real auctions some lots are hammered out in a matter of seconds and I would say it's very unusual to see one last 2 minutes.

    I'm surprised eBay doesn't offer alternative formats such as dutch
    auctions, or auctions where the end time extends every time someone
    outbids the current winner ...

    They did do dutch auctions originally, where N identical lots were in a
    single listing. Not sure why they stopped, but it was confusing as a buyer because it would bid your maximum bid straightaway, rather than making the current price based on the second highest bid.

    The time-extending thing happens with online physical auctions (cars,
    antiques etc). I suppose the difference there is it's a live auction, while ebay may not have all the bidders in the same timezone and able to pay attention at the auction close.

    Theo

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  • From David@21:1/5 to Chris on Sun Mar 26 15:29:00 2023
    On Thu, 23 Mar 2023 20:30:47 +0000, Chris wrote:

    David <wibble@btinternet.com> wrote:
    I very rarely buy things on eBay, so looking for some expertise,
    please.

    I understand that you should be prepared to hold back on your highest
    bid until the last moment if possible.
    Also that there is a mechanism to allow you to set a maximum bid higher
    than your current bid.

    Is there any way to estimate a price?

    I am currently looking at GeForce GTX 1070 cars and there seem to be
    quite a lot on offer.
    I can't tell if the top bid is submitted some days back (because there
    is tacit agreement on an average value) or if everyone is sweating over
    a hot keyboard for the last 30 seconds of the auction.

    Is there a tool which will give you the average winning bid over a
    category?

    You can search by sold and/or completed bids. It's buried in the
    filtering options. This will show you the going rate for the same card
    in other recent bids. Set your maximum bid to something near it and be prepared to lose a few before you win one.

    Price for a 1070 seems to be just over the £100 mark at the moment, but
    I haven't tracked a winning price yet.

    There are loads of cards out there so unless you need one urgently, be
    picky.

    Having a quick look they seem to be going for between £105-150. I'd aim
    for about £120.

    I did this about 18 months ago with a 1660 Super and got one for a
    decent price after the 5th or 6th bid. Maybe more. I forget.

    Got fed up with the hassle and submitted an auto bid with about 45 minutes
    to go (would have waited but had other things to do).

    Bought a 1070 for £122.
    [Plus £10 postage.]

    There were a couple of bids from another contender but they were below my maximum so I ended up winning (?) the auction.

    All I have to do now is get a working card, and get it installed and
    working.

    Cheers



    Dave R


    --
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  • From Chris@21:1/5 to David on Mon Mar 27 07:47:19 2023
    David <wibble@btinternet.com> wrote:
    On Thu, 23 Mar 2023 20:30:47 +0000, Chris wrote:

    David <wibble@btinternet.com> wrote:
    I very rarely buy things on eBay, so looking for some expertise,
    please.

    I understand that you should be prepared to hold back on your highest
    bid until the last moment if possible.
    Also that there is a mechanism to allow you to set a maximum bid higher
    than your current bid.

    Is there any way to estimate a price?

    I am currently looking at GeForce GTX 1070 cars and there seem to be
    quite a lot on offer.
    I can't tell if the top bid is submitted some days back (because there
    is tacit agreement on an average value) or if everyone is sweating over
    a hot keyboard for the last 30 seconds of the auction.

    Is there a tool which will give you the average winning bid over a
    category?

    You can search by sold and/or completed bids. It's buried in the
    filtering options. This will show you the going rate for the same card
    in other recent bids. Set your maximum bid to something near it and be
    prepared to lose a few before you win one.

    Price for a 1070 seems to be just over the £100 mark at the moment, but >>> I haven't tracked a winning price yet.

    There are loads of cards out there so unless you need one urgently, be
    picky.

    Having a quick look they seem to be going for between £105-150. I'd aim
    for about £120.

    I did this about 18 months ago with a 1660 Super and got one for a
    decent price after the 5th or 6th bid. Maybe more. I forget.

    Got fed up with the hassle and submitted an auto bid with about 45 minutes
    to go (would have waited but had other things to do).

    Bought a 1070 for £122.
    [Plus £10 postage.]

    There were a couple of bids from another contender but they were below my maximum so I ended up winning (?) the auction.

    All I have to do now is get a working card, and get it installed and
    working.

    Success! Hope it works well.

    Remember ebay have strong buyer protection so if it doesn't work you've got options. Contact the seller first though.

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