Originally posted by mdbrandy

I've been guilty of sniping a time or two as well . Benefits of a cable modem, I guess...

The constant "up'ing" of bids by small increments leads to a feeding frenzy mentality where some folks bid things up to crazy prices because they lose sight of the real value and MUST WIN.

I wish more bidders would use the SNIPING technique. Rationally decide what the part is worth to you, and place your bid ONCE. If you are the one who wanted/needed it badly enough, you win. End of Story.

Auction just ended. Was still at $100 until one minute before ending. Finished at $181. What fun! I tossed $125 at it at about that time, and I was already outbid by the time I submitted it!

Originally posted by mperdue

This is good when you're the seller!!

Of course, I DO understand the process, it just that I am referring to auctions that I am interested in bidding on. If I were selling (and I do, on occasion), I would love the bidding wars.

It is natural for the seller to like this situation, but it is the buyer's that create the benefit for the seller by being silly enough to telegraph their desire to purchase.