Auctions - why bid early?


It seems to me that bidding anytime before the very end of a timed auction merely raises the final price. Fun aside, if winning the unit up for bid is the goal, can anyone offer a practical reason to bid early?
rockvirgo

Showing 1 response by sugarbrie

Dweller...I've seen many many auctions on eBay get no bids, and then go for a much higher price than normal at the end, because a large number of snipers show up then hoping for a deal. Setting a reserve price will protect you from giving it away.

I always bid early when someone sets a "buy it now" with no reserve on an item I like, but think the "buy it now" is more then I want to pay. Bidding on a non-reserved "buy-it-now" auction makes the buy-it-now go away.

Not every auction gets sniped. I have gotten good deals on eBay bidding early, mostly when I knew I would not be around at the end.