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Personally, I'd rather the 15 min rule not be there but there's nothing ethically wrong with it.A true auction should have a set end time - PERIOD.
Just set your max bid and walk away from the computer and check back the next day to see if you've won. With a proxy bid, there's no reason at all to sit there way past close time pecking away, one bid at a time.Live auction is a separate animal. Internet auction should have a set end time so you can have a life instead of sitting there 15 minutes at a clip for possibly hours. But I don't make the rules, I do accept them. This is my opinion - we all have one. I'm assuming the thread was started to express your frustration with the 15 minute rule and that is what I am doing.
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?Howdy,
m16ty is right on the money. Determine what you high bid is, place it, walk away and see when you get the email saying you were high bidder.
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.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...
Fillibuster's a valid technique.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.
THIS! Annoy the other bidders until they give up in disgust.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.
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