[meteorite-list] The Sniper Mentality

From: Dave Myers <whitefalcons007_at_meteoritecentral.com>
Date: Wed, 17 Mar 2010 22:57:11 -0700 (PDT)
Message-ID: <182079.1237.qm_at_web110103.mail.gq1.yahoo.com>

Hey Richard,

My expertise is ART, "moderan art" Once at a online Auction. I seen a painting, That I knew was a $5,000.-$7,000. painting. The est. was only $100.-200. dollars, I knew this painting was placed in the wrong category
at this auction. So, most people did not go into this category looking for good paintings!

But I knew a few might! So I waited, till the end of the auction, and put in my bid, seconds before it ended! I got this painting for only $168.00
dollars.

When it comes to collecting, If you know the value of what is for sale!
(or just love it, and have to have it)
and you know it is under valued, (if you really want it cheap) YOU SNIPE IT! ME myself could never afford to pay gallery price!

I do not know enough about meteorites, and am not in the position to do so
now, But if I could, YES, ON A, ON LINE AUCTION, THAT I KNEW WAS selling at a fraction of the price!!!!!!!! .......i would snipe every time.

Only because of my life-long art research, and these opportunities, is my a
apt. a little modern art museum. I wish 25 years ago I know about meteorites!


Dave Myers




--- On Wed, 3/17/10, Richard Kowalski <damoclid at yahoo.com> wrote:

> From: Richard Kowalski <damoclid at yahoo.com>
> Subject: [meteorite-list] The Sniper Mentality
> To: "meteorite list" <meteorite-list at meteoritecentral.com>
> Date: Wednesday, March 17, 2010, 11:58 PM
> This mentality, waiting until the
> last few seconds before bidding, is something I just don't
> get. Maybe someone can explain it to me.
>
> I bid for lots on ebay just like I do when I bid at a real
> auction. I set in my head what I believe the value of an
> item and what I have available in my budget to bid for that
> item. I then bid that much and no more. If I get the item,
> great. If not, someone wanted it more and we're willing to
> pay more for the item...
>
> While I will sometimes raise my ebay bid a little before
> the end of the auction, I really don't understand the idea
> of sitting there and in the last second or two, to try to
> jam in bids high enough to win the item.
>
> Do snipers really want the item or are they just trying to
> screw others out of the item? Are they just trying to get
> the item at a lower price, thinking that their competitors
> will just rebid again, upping the price?
>
> I see this on meteorite auctions every so often, but much
> more often on the Daguerreotypes I bid on. The reason I was
> reminded of it was a lot I just lost out on. There wasn't
> just one sniper, but two. The both bid at the exact same
> time, 2 seconds before the auction ended...
>
> As I said, it doesn't mater that I lost the lot. It went
> for more than I was willing to pay, so I wouldn't have rebid
> even if I could.
>
> Possibly someone can explain what is gained by bidding like
> this instead of just bidding what you think it's worth and
> letting it go for that...
>
> I'd really like to see ebay eliminate this foolery. It'd be
> pretty simple. Any bids that occur within one minute of the
> closing time of the auction automatically resets the end
> time by 10 minutes, or 30 minutes. The snipers games are
> eliminated and the dealers (and ebay) gets more profits
> because the auction remains open for the bidding to continue
> to higher levels. Just like in a real live auction.
>
> Thanks
>
> --
> Richard Kowalski
> Full Moon Photography
> IMCA #1081
>
>
> ? ? ?
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Received on Thu 18 Mar 2010 01:57:11 AM PDT