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Never used it but had an idea how it worked.
What I didn't know is you have to hit confirm after bidding!
This item had two bids only and stood at £3.20.
I hit it for max bid 15.55 at seven seconds but when when I saw confirm I was too effing late.
I'm almost suicidal.....
What I didn't know is you have to hit confirm after bidding!
This item had two bids only and stood at £3.20.
I hit it for max bid 15.55 at seven seconds but when when I saw confirm I was too effing late.
I'm almost suicidal.....
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Let it go laddie !
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Thanks.
I guess those, who make some kind of living from this, are pretty cool about it! Win some lose some etc, but this was a one off for me and I was good....but not good enough! |
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Cmon AP 15.55 it can't have been that life changing, oh fck me it wasn't the 'updated' Sporting Almanac from back to the future!, in which case commiserations
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I'm trying to console myself, but someone who got it for £3.20 must be having a drink to celebrate.
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What was it and i want it now whatever it was
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It was a '69 Mustang Mach 1, in a vibrant blue, and with only an authenticated mileage of 34.7k.
I put up a link, but for reasons only known to themselves, has to be approved by our good friends, aka "The Mods"! |
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Strange process of bidding, your were not even trying to get it on the cheap but left it to the end
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The way I bid to buy on ebay is I set up my price I'm prepared to pay, and leave it on the page with the 'confirm' notice until 10-12 secs before the bidding ends. There's a countdown clock in the box so you can see the time remaining. When it reaches 10 secs I hit 'confirm'. It takes 2 or 3 secs to go through, by which time no one has time to resubmit a higher bid (hopefully)
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why not set auto bid at your max ?
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I use exactly the same system as John. The other advantage of bidding late is that you are not tempted to get into a bidding war.
The Ebay auto bid (or proxy bid) system has the distinct disadvantage of the seller AND others knowing that you are bidding. |
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I've looked at that, but say I set a max bid at £15.50, some 20 mins before bidding ends, and someone bids £15.00 10 mins before bidding ends, then my bid will kick in with enough time for someone to jump over it. I don't buy very often on ebay, but look for something I really like, at a price I want to pay for it. I've found I get better results the way I do it. If I don't get it.... I don't get it, simple as that.
Those that keep bidding with hours to go are really doing themselves out of a bargain by simply bumping the price up and up. |
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That's for I/Sonko
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Hang on, are you saying that if I had submitted my max bid, that it wouldn't be displayed until I hit confirm?
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You are probably right john, but i still dont get the point that people know i am auto bid, how does this work ?
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Using auto-bid/proxy your maximum bid is hidden from the seller and other bidders. The systems simply raises the bidding by the next increment and will continue to do so until you max is reached or no one else bids.
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IS - They do not know you are on auto bid - your auto bid will look just like an ordinary bid
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I guess i misunderstood your earlier post at 2042, and i still am. But im probably thick.
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IS - I understand why you are confused. I meant that the disadvantage of auto bid system is that the seller and others know that someone is bidding and can see that that bidder effectively bids again if they are outbid. This can create a kind of bidding war and/or another buyer chasing up the price to get to your maximum (as John described). The advantage of the single "last minute" bid at your maximum is that you do not get carried away and if successful you get it at the price you wanted or often less.
As an example, earlier this evening I bought a set of wheelback chairs for a young family friend who is doing up a cottage. I bid on his behalf his maximum price - £152.50 (never bid round amounts as you may match an earlier bidder and lose out). There had been several other/earlier bids but I got the chairs for £80. I bid with four seconds to go! |
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It was a '69 Mustang Mach 1, in a vibrant blue, and with only an authenticated mileage of 34.7k.
Are you sure it went for just £3.20? If so then tbf 34,000 miles is a feck of a long way to push a model car.  Also, if it was the genuine article then trying to nick it with a last second bid of £15.55 is a right old tightwad trick!  |
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your auto bid will look just like an ordinary bid
Sorry, I'm thicker than everyone here, but when you say that, do you mean that the bid shows? The thing is, I'm sure from buying at auctions, it is stupid to get involved until the death, and sometimes never to bid at all, if it has exceeded your max price. |
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Still interested on who else knows i am auto bidding apart from the seller ?, even he should not know.
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I'm totally sure that my strategy was sound, and I only lost it by not confirming.
There were two bids showing all day, with max £3.20. I am actually thinking that neither bidder was active at the death! They probably bid on hundreds of items, and just leave it "on the table" on the off chance that there will be no further action at the end! |
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No one knows you are auto bidding, not even the seller. The only people who know are Ebay who will bid on your behalf up to your maximum, just like a commission bid in a high street Auctioneers.
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Aunty - yes definitely. If you were trying to bid £15+ and the item went for £3.20, it was just that you didn't get your bid in in time because of the confirm requirement.
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It works like this AP:
If the highest current bid is say £3.20 and you put in £15.55 then you will show as the highest bidder at £3.40 (it goes up in stages depending on where the price is so if it was £650 then the next bid would have to be £20 higher as opposed to 20p) If someone then bids £4.00 you will still show as highest bidder at £4.20. But, the fact that people can see that you entered your bid before the other bidder shows that your max might be higher still as it automatically updated to high bidder (and will continue to do so until someone bids higher tha £15.55) I think I'm starting confuse myself now so will stop there! |
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Not sure about that, in my early days of watching the final moments of an auction and when i bid late on in an auction i always got out bidded in the final seconds.
AP wont ever know that he would had been successful if he had confirmed his bid, just total guessing. |
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Absolutely true IS as the £3.20 bidder could have set his max up to £20 or something.
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If the highest MAXIMUM current bid is say £3.20 and you put in £15.55 then you will show as the highest bidder at £3.40
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Correct. Just for info, it seems that nearly everybody bids late now, presumably because they consider it to be the best system. There are at least six companies now who offer sniper software so that you can bid in the last second
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i dont approve of snipers in the auction room
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All good advice guys and I've now got my old head around it!
Cold comfort to know I may still not have got it, but I certainly won't be giving valuable time to it Much more important to lose money on here... |
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Sorry if I've missed something but, if one puts in the max bid, is it then not necessary to confirm at the death?
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I BOUGHT IT FFS
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£3.25
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Deserves one me thinks Cricket thread 5 mins
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Once you have put in your max bid AND confirmed it at that point, the system will bid on your behalf up to your maximum with no further intervention required from you.
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Thanks, that's brilliant.
So it's like a Betfair "Jumping Bot" then! |
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The 'confirm' button allows you to check that the figure you have entered is actually the amount that you intended to bid as opposed to a typo. eg £15.20 rather than £1520.
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could prove useful.