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Aunty Post
11 Dec 15 18:38
Joined:
Date Joined: 14 Nov 03
| Topic/replies: 12,444 | Blogger: Aunty Post's blog
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.....Cry
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Report MadVlad • December 11, 2015 7:45 PM GMT
Let it go laddie !
Report Aunty Post • December 11, 2015 7:52 PM GMT
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!
Report boxingthefox • December 11, 2015 7:52 PM GMT
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 Sad.
Report Aunty Post • December 11, 2015 7:57 PM GMT
I'm trying to console myself, but someone who got it for £3.20 must be having a drink to celebrate.
Report twizzle22 • December 11, 2015 8:00 PM GMT
What was it and i want it now whatever it was
Report Aunty Post • December 11, 2015 8:23 PM GMT
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"!
Report Ibrahima Sonko • December 11, 2015 8:25 PM GMT
Strange process of bidding, your were not even trying to get it on the cheap but left it to the end Crazy
Report johnizere • December 11, 2015 8:26 PM GMT
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)
Report Ibrahima Sonko • December 11, 2015 8:27 PM GMT
why not set auto bid at your max ?
Report blackbarn • December 11, 2015 8:42 PM GMT
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.
Report johnizere • December 11, 2015 8:44 PM GMT
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.
Report johnizere • December 11, 2015 8:44 PM GMT
That's for I/Sonko
Report Aunty Post • December 11, 2015 8:55 PM GMT
Hang on, are you saying that if I had submitted my max bid, that it wouldn't be displayed until I hit confirm?
Report Ibrahima Sonko • December 11, 2015 8:57 PM GMT
You are probably right john, but i still dont get the point that people know i am auto bid, how does this work ?
Report blackbarn • December 11, 2015 8:58 PM GMT
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.
Report blackbarn • December 11, 2015 9:00 PM GMT
IS - They do not know you are on auto bid - your auto bid will look just like an ordinary bid
Report Ibrahima Sonko • December 11, 2015 9:03 PM GMT
I guess i misunderstood your earlier post at 2042, and i still am. But im probably thick.
Report blackbarn • December 11, 2015 9:16 PM GMT
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!
Report Clouseau • December 11, 2015 9:19 PM GMT
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. Plain

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!Laugh
Report Aunty Post • December 11, 2015 9:19 PM GMT
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.
Report Ibrahima Sonko • December 11, 2015 9:22 PM GMT
Still interested on who else knows i am auto bidding apart from the seller ?, even he should not know.
Report Aunty Post • December 11, 2015 9:27 PM GMT
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!
Report blackbarn • December 11, 2015 9:32 PM GMT
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.
Report blackbarn • December 11, 2015 9:37 PM GMT
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.
Report Clouseau • December 11, 2015 9:40 PM GMT
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!
Report Ibrahima Sonko • December 11, 2015 9:42 PM GMT
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.
Report Clouseau • December 11, 2015 9:45 PM GMT
Absolutely true  IS as the £3.20 bidder could have set his max up to £20 or something.
Report Clouseau • December 11, 2015 9:47 PM GMT
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

UPDATED
Report blackbarn • December 11, 2015 9:53 PM GMT
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 secondCrazy.
Report a bitofinterest • December 11, 2015 9:56 PM GMT
i dont approve of snipers in the auction room Plain
Report Aunty Post • December 11, 2015 10:13 PM GMT
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...Laugh
Report Aunty Post • December 11, 2015 10:33 PM GMT
Sorry if I've missed something but, if one puts in the max bid, is it then not necessary to confirm at the death?
Report a bitofinterest • December 11, 2015 10:36 PM GMT
I BOUGHT IT FFS Angry
Report boxingthefox • December 11, 2015 10:36 PM GMT

Dec 11, 2015 -- 3:56PM, a bitofinterest wrote:


i dont approve of snipers in the auction room


Dunno,??Mischief could prove useful.Devil

Report a bitofinterest • December 11, 2015 10:38 PM GMT
£3.25 Cool
Report 11kv • December 11, 2015 10:39 PM GMT
Deserves one me thinks Cricket thread 5 mins
Report blackbarn • December 11, 2015 10:39 PM GMT
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.
Report Aunty Post • December 11, 2015 10:49 PM GMT
Thanks, that's brilliant.

So it's like a Betfair "Jumping Bot" then!
Report naydam • December 12, 2015 3:06 AM GMT
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.
Report learner • December 12, 2015 6:14 AM GMT
would any one buy me a cheap car and a cheap computer on e bay , I will either send a cheque or transfer the money with a simple bet on betfair .
Report Rockinron • December 12, 2015 10:27 AM GMT
I buy lots of stuff on EBay ...mostly guitars/guitar parts/accesssories etc.. and sometimes the odd Car.
Just put in the max you're prepared to pay and as "Clouseau" says above EBay will automatically update your bid to your max if necesary. If someone outbids you (bids above your max price) - tough - but that's the wasy it works !
There are "sniping programs" you can use..I've never used them - just not that desperate !
Report Aunty Post • December 12, 2015 1:49 PM GMT
I can imagine it could be addictive for those with the time and inclination>

Just putting low maximum bids on a whole load of stuff, and just leaving it to chance.
Report blackbarn • December 12, 2015 2:05 PM GMT
Rockiniron - you'll win more items, bidding your max in the last 10 seconds than by putting your max bid in early and allowing Ebay to take over.  I'd guess you know your subject (and therefore values) pretty well, so there is no advantage at all in going in early; you are just giving items credibility (ie bids) that they may not otherwise have.   Try it!!
Report artie • December 12, 2015 5:15 PM GMT
Plenty of interesting stuff on "Buy it now". No bidding stress.
Report johnizere • December 12, 2015 7:45 PM GMT
Blackbarn and I have this bidding lark sussed. Putting in an early bid, or an auto bid will only put the price up... trust me (us).
Report blackbarn • December 12, 2015 8:03 PM GMT
johnizere Wink
Report naydam • December 12, 2015 8:27 PM GMT
Johnizere. Would you care to explain how or why? Say, for example, that I wish to buy a radio tuner. I would decide what the most I would be willing to pay for it...and I would enter that amount. Say £85.00.
How would your method achieve the results you mention unless you are willing to pay more?

Also, I have seen the site crash, so that bids could not be accepted...so the last live bid won. The item went for £108 and I was trying for three hours to bid £195.00. I even sent an email to the seller telling him that the site wasn't working so he could stop the auction. I can only assume that he did not receive the email. Sniping does not work.
Report blackbarn • December 12, 2015 8:44 PM GMT
Johnizere can answer for himself.  But for me the answer is.  IF no one else bids, there is no difference between the early/proxy bid AND bidding at the last minute.

BUT nearly always someone else DOES bid, and the evidence is that people are more likely to bid on an item that already has a bid, and THEN are even more likely to chase that bidders maximum.  There is no doubt that bids add credibility to an item for many bidders - the "well, they think its worth that so it must be worth more".  I guess downtime could be a risk, but I have never lost a bid through this in 16 years of bidding, been outbid of course, but never lost through downtime/outages.
Report johnizere • December 12, 2015 8:45 PM GMT
I'll give it a go naydam...
if you see an item and are prepared to pay £85.00 tops.
with 5 mins to go before end time, bids have reached 65.00,
2 mins to go bids have reached 70.00...
1 min to go bidding still at 70.00...
30 secs to go a new bid raises to 80.00...
no further bids with 10/12 secs you put in your confirmed bid.
Now if there are no auto bids hidden away, you will possibly win the item.
If of course there is another bidder that has already put in an auto bid you will lose.

If you put in an automated max bid for your £85.00 some time earlier, there is a chance
that someone has already put an auto bid of £90.00 or more.
This would then automatically raise the price to 86.00 (your bid plus the next increment,
taking into consideration that the other bidder already has £90.00 waiting to bid)

I look at it this way... don't pay more than you think it's worth. I see auction fever all the time
on ebay.

Ebay site crashing is something we can't predict or do anything about. Never happens on here of course.

If you mean manual sniping, I can only say it works more often than not for me.
Never tried sniping bot, you have to pay every time it operates?
Report Ron-Russian • December 12, 2015 8:48 PM GMT
if you put in a max bid the seller can work it out so your
leaving yourself open for seller to bid you up via another account as some do
Report blackbarn • December 12, 2015 8:55 PM GMT
That is only partly true Ron, but the seller will never know that your bid is NOT anything other than your maximum bid, because proxy bids and normal bids are synonymous.

What is open to abuse by the seller is the seriously stupid practice by bidders of putting in multiple bids on the same item, in the hope of deterring other bidders.  You see this all the time.   A bidder sees an item for £10, puts in a bid of £10 and another of £20 and another of £30, thinking their three bids will deter bidders.  Of course the seller and other bidders can see that these three bids were made by the same person and will bid the item up until at least the third bid amount is reached.  It always wins First Prize in the EBAY Dummest Behaviour award.
Report Ron-Russian • December 12, 2015 8:58 PM GMT
that is what i meant blackburn.

nicely explained
Report Clouseau • December 12, 2015 9:15 PM GMT
We are giving away all our best tips here!

Well explained above but, by way of illustration, there is an item coming up which I am interested in.

There are currently no bids and the starting price is 99p.

So, when punters are scanning down the great big long list of items and they see that something is 99p with no bids some might skip on assuming it was just another load of junk as there is a lot of unsold crap, priced at 99p but worth nothing, in this particular section.

However, if there was even just one bid they might pause and think, "hmm... someone is bidding so it might be worth a look and if it is anything then I might get it for £1.20 or something."

Bids alert other bargain sniffers
Report johnizere • December 12, 2015 9:31 PM GMT
I'll add my 99p worth Couseau.
If it's a 99p item, with no bids with a few minutes left, and still no bidders... have a think about what you'd be prepared to pay, call it
£20.00 and no more. It could be that someone has valued it at £15.00 and put that in as his/her max bid (automated) it will still show as sitting at 99p because no different bidder has placed a bid.
Leave it till the 10 secs countdown and fire in your 20.00 max bid. There will be no time left for anyone else to bid higher, and you possibly
win the item... unless someone outbids you at the exactly the same time. The price you pay will be the next highest increment from the previous highest bid, not necessarily the 20.00
Report naydam • December 13, 2015 2:28 AM GMT
I don't see any logic in any of your 'secrets'! The item will sell to whoever values it highest, unless they are too late with their bid or, as stated, the site develops a problem and further bids cannot be accepted. In that case the item would sell to whoever had the highest bid at that time.
It has happened to me and it was very frustrating...it sold for £108 and was worth every penny of £250!
Report johnizere • December 13, 2015 9:22 AM GMT
It's no secret naydam... most people who know how it works use the same method. If it's a popular or sought after item, the bidding will be frantic in the last minute or so of the bidding. Just watch and learn.
I guess you're still smarting after losing out on that item you were trying to buy when the site went down?
Sh1t happens... wait for the next one to appear.
Report naydam • December 13, 2015 10:06 AM GMT
No, I'm not smarting...I just wanted a bargain! I knew its true worth, which was too dear for me, but sometimes the selling prices can vary wildly.
Report Aunty Post • December 13, 2015 2:36 PM GMT
Sorry to not contribute much to my own thread, but I'm appreciating the discussion, and ideas.

With regards to the "Autobid",up to a maximum declared price, is it not the case that, let's say I have put in a max bid of £15.50,
and another bidder also has a max of say £16.80....will not the"Auto bid go like the clappers, with increments one after another,
until the other bidder is one tick above me,  and then it stops?
Report crags • December 13, 2015 2:38 PM GMT
In a word... no
Report blackbarn • December 13, 2015 7:37 PM GMT
In a word..yes!   The exact sequence of events depends on which of you two bids first, but the end result will be that t'other bidder will end up one tick above you.
Report Aunty Post • December 13, 2015 7:49 PM GMT
Thanks blackbarn as, with my limited knowledge, I worked this out all by myself!

Right.....time to get bidding!

So what do I want to bid on?

ermmm.....Tongue Out
Report The Leopard • December 13, 2015 8:03 PM GMT
Step away from the E-type !
Report crags • December 13, 2015 8:16 PM GMT

Dec 13, 2015 -- 1:37PM, blackbarn wrote:


In a word..yes!

Report crags • December 13, 2015 8:17 PM GMT
Still no. it would be the end result, but that's not the question that Aunty asked
Report blackbarn • December 13, 2015 9:30 PM GMT
Crags - I was trying to simplify the process, and as I said it does depend who is the first bidder AND of course it also depends on what opening required bid was.  Whatever the fact remains that bids of either bidder will be incremented by the system until they are higher than the max of the other, or until they have reached their maximum.
Report naydam • December 14, 2015 3:08 AM GMT
Hmmm. I think 'the system' might perform a mental shortcut. If opening bid is 99p and the first bidder (A) bids £15-25p and the second bidder (B) bids £18-00p Then the bids would show '2 bids' and a figure of £15-75p (or thereabouts) with B as the high bidder.

On the other hand, if B had bid £18-00p BEFORE A's offer...A would have seen a screen saying 'You have been outbid. Blah blah blah, and would only accept bids higher than the £15-25p bid showing...with the same 'you have been outbid' notice until you decided that it was too dear or your bid exceeded the maximum offered by the other bidder.
However, each individual offer that you bid would increase the 'no. of bids'.

Mind you...all this is probably bollocks!   LaughLaughLaugh
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