highest bidder reserve not met

[otter]

Bidding early:

Item starts at £1. Bidder 1 thinks it's worth £100, bids £100 early, and is the current highest bidder. Current price is £1.
Bidder 2 also thinks it's worth £100, sees the item at £1 with 1 bid, bids £2, gets outbid, current price goes to £2.20.
Bidder 2 bids £3, gets outbid again. Carries on bidding until they are the highest bidder at £101, wins auction.

No. Bidder 1 thinks it's worth £100. Bids £100. Current price is £1. Bidder 2 thinks it's worth £100. He either bids £100 (in which case the current price will go up to £100 and Bidder 1 is winning) or messs about upping his bid by £1 increments up to £100. In which case current price will still be £100 and Bidder 1 will still be winning. If Bidder 2 now thinks it is worth £101 and bids that, well fine. He can and should. And will then win. But it's gone above Bidder 1's value of it. Same result ultimately whether he messes about or not.

Bidding at very near auction ending:

Item starts at £1. Bidder 1 thinks it's worth £100.
Bidder 2 also thinks it's worth £100, bids £1 early. Current price is £1 and is the current highest bidder.
2 seconds before auction ends, bidder 1 bids £100. Wins auction with £1.20 as final price.

Bidder 2 is bloody stupid then. I would have bid £100 and still be winning. Bidder 1 has no opportunity to revise their worth of the item and raise their bid a second time.

 

[pcb1962]

thx for explanation but
i bid on an item (only 2 bidders)
say my max is £1000
other bidder stops at £2
so my bid to win is like £2.20 lets say
my £1000 may be well past reserve but the £2.20 is not

what now?

I think you'll find that as soon as you bid above the reserve the reserve price becomes the current high bid.
People use this to find out the reserve, by placing a very high bid, which will reveal the reserve, and then cancelling the bid.

 

[SteveF]

seems a bit pointless
could just make another account just to find reserve

Steve

 

[RobinBHM]

The important thing with bidding on ebay is to decide what you are prepared to pay for the item and stick with that no matter what other bidders do.

There is a school of though that if you put your maximum bid in early you may deter anybody else from bidding at all and you may win the item. If you do automatic bids with ebay then you may encourage other bidders to keep nibbling away to see if they reach your maximum and so ebay is encouraging a bidding war to up the price.

If you use an ebay sniper, then you still decide your maximum bid and you can place whenever you like, the difference is that you are hiding your bid until the sniper places the bid in the last few seconds.

Some people try and set the sniping to as late as possible, but its a bit pointless as a sniping bid can submit an automatic ebay bid for you, so that if any later bids come in, you will still win as the automatic bidding process will keep bidding for you and you will only lose if other bids are higher than the amount you set with the sniping software. IE you were outbid.

If you use gixen, it bids from a server so your internet connection has no impact on whether the bid is submitted in time. And you never have to keep an eye on ebay.

When using automatic bidding on ebay it makes the system effectively a 'second price auction', the winner pays not his highest bid but a price just an increment above the second bid, ie just enough to win.

 

[AJB Temple]

The disadvantage of bidding early, is that is has the effect of stimulating interests and potentially bidding the item up. I prefer in auctions (including live ones) not to show my hand. I can safely say that there is nothing on eBay that I want so badly that I would go to the trouble of using a snipe bot.

 

[paulrockliffe]

A snipe bot works on the principle that it puts in a bid so late - and we are talking just 1 or 2 seconds - that even if there was another person whom had entered a higher value final bid, it cannot be applied because of the delay between bid / next bid.

That's not correct.

 

[flh801978]

The simplest way to win at the lowest price is to bid your max you are willing to pay at the last second either by bot or manually ...you may not still win if someone else puts a higher bid in but at least its the max you want to pay

If you bid early you WILL get nibbled away by others or unscrupelous sellers

exeptions are :-

if theres a bid price and a BIN .... bid to get rid of the BIN and hopefully the auction will run as an auction...wont work if theres a reserve though

Bid if no one else has..and its a low price start ...shows an interest so seller doesnt remove item

 

[MIGNAL]

Not true. It may get nibbled away at by other bidders, it may not. I guess that's why I've 'won' two out of the last three items that I've bid on. All were bid on days before the end of the auction. Not one of them was what I consider a stupid or ridiculous price. I just entered the highest amount that I thought they were worth given that they were a used item and taking into consideration the condition. None reached the highest price that I placed although one of them was very close.

 

[SteveF]

sometimes u need to find highest bid so that you can decide its too high or not
at least u can move onto a similar item without missing out
doesnt matter with small collectables , but when u talking hundreds on a table saw
and you have to travel to view it, a rough idea helps i think
hence why i dislike the reserve

Steve

 

[ChrisR]

Why bother with all this bidding lark, life is too short.

I purchase what I need when I need from a reputable retailer, I then have a new item, together with my consumer rights, and not a second-hand tat item that somebody wants rid of. :shock:

Have never purchased second-hand, if I can’t afford new then I go without.

Take care.

Chris.

 

[SteveF]

Why bother with all this bidding lark, life is too short.

I purchase what I need when I need from a reputable retailer, I then have a new item, together with my consumer rights, and not a second-hand tat item that somebody wants rid of. :shock:

Have never purchased second-hand, if I can’t afford new then I go without.

Take care.

Chris.

do u pick up a nice piece of wood and sniff it
do u look at a nice old big lump of CI machine and think its cool and probably stronger better built than modern equiv?

that is was the bidding is for

i could go and buy a new tablesaw and spend a few days to set it up and adjust
or take a risk
get a big old wadkin \ startrite and hope the previous owner loved it

Steve

 

[Chrispy]

I think I would send them a message and ask if they have a buy it now price, seal the deal before anyone else gets a look in.

 

[owsnap]

Why bother with all this bidding lark, life is too short.

I purchase what I need when I need from a reputable retailer, I then have a new item, together with my consumer rights, and not a second-hand tat item that somebody wants rid of. :shock:

Have never purchased second-hand, if I can’t afford new then I go without.

Take care.

Chris.

Oh no, Posh Police just came in.. we are all doomed now!
However some of the powertools are not worth buying used, because you can pay extra 10% and get it new, Some people bid stupid money for used cordless tools on ebay that sometimes I just wonder WTF #-o

I have to admit all of my tools are bought used and If I can't get a tool for 1/3 of its new price or less I just don't buy it & and I only go for the top of the range models and ask sellers a million questions before I buy something to judge whatever it's a mint tool or abused crap.

 

[Lons]

Got to laugh at this thread and wonder why some people bother with ebay at all if they can't be bothered to spend a few minutes at the end of an auction. We're human and all would like a Rolls Royce for the price of a Mini otherwise why look at auctions and why trawl the retailers for discounted tools etc. Just pay full retail, probably the same people who walk into a car dealership and pay full list when they can get £ thousands off just for asking!

I don't buy a lot off ebay and sell even less but it's a great source of info and unusual items

I NEVER show my hand early except sometimes putting in a minimum bid to get the item in my bidding list. 10 minutes before the end, if I'm around I log in and bid in the last few seconds with the maximum I'm prepared to spend - no more, unless someone has already exceeded that when I don't bother.

A couple of examples:

An almost brand new Scotty Cameron golf putter worth over £200 bought for £40 plus postage and very recently a set of unmarked Bose DC25 headphones for £25 62 plus post ( I was prepared to pay around £120.00 for those which are being sold new for £249.00)

If that isn't reason enough then I don't know what is. :roll:

Bob

 

[SteveF]

I think I would send them a message and ask if they have a buy it now price, seal the deal before anyone else gets a look in.

I did ask for BIN or reserve at least
was told "Your bid of £nnn is very short of the reserve I think it's more than you want to pay"

obviously so keen to sell it

Steve

hope its not a member on here :roll:

 

[owsnap]

Got to laugh at this thread and wonder why some people bother with ebay at all if they can't be bothered to spend a few minutes at the end of an auction. We're human and all would like a Rolls Royce for the price of a Mini otherwise why look at auctions and why trawl the retailers for discounted tools etc. Just pay full retail, probably the same people who walk into a car dealership and pay full list when they can get £ thousands off just for asking!

I don't buy a lot off ebay and sell even less but it's a great source of info and unusual items

I NEVER show my hand early except sometimes putting in a minimum bid to get the item in my bidding list. 10 minutes before the end, if I'm around I log in and bid in the last few seconds with the maximum I'm prepared to spend - no more, unless someone has already exceeded that when I don't bother.

A couple of examples:

An almost brand new Scotty Cameron golf putter worth over £200 bought for £40 plus postage and very recently a set of unmarked Bose DC25 headphones for £25 62 plus post ( I was prepared to pay around £120.00 for those which are being sold new for £249.00)

If that isn't reason enough then I don't know what is. :roll:

Bob

Let's not even start about all the 1p or £1 sofas/furniture you can get from there which usually goes for starting price because no1 has got a large car here to take them away
I furnished all my new house that way, ok I paid somewhere close to £50/item but again I got the best quality stuff there is that has cost £1000 a piece when new. Can't beat that.. Of course if you are millionaire why even bother posting that you are such a cool guy that you never buy anything used.

 

[RobinBHM]

I think I would send them a message and ask if they have a buy it now price, seal the deal before anyone else gets a look in.

I did ask for BIN or reserve at least
was told "Your bid of £nnn is very short of the reserve I think it's more than you want to pay"

obviously so keen to sell it

Steve

hope its not a member on here :roll:

Yup thats me!

(if it is a saw in sittingbourne, then Ive know SB woodworking, or at least Stuart, they are ok! -despite your reply)

 

[RobinBHM]

If you are looking for a real quality machine try this:

http://www.ebay.co.uk/itm/Vintage-table ... Swo4pYF9J7

 

[SteveF]

I think that vintage one is worth it for the firewood :_)

couldn't comment on sellers name, but no wonder people get pissed off with ebay
dont think i have ever had such a rude reply
Steve

 

[Phil Pascoe]

Why bother with all this bidding lark, life is too short.

I purchase what I need when I need from a reputable retailer, I then have a new item, together with my consumer rights, and not a second-hand tat item that somebody wants rid of. :shock:

Have never purchased second-hand, if I can’t afford new then I go without.

Take care.

Chris.

As you consider it unnecessary ever to change your power supplier you are possibly not the best person in the world to go to for financial advice. :lol: