Posted by: Anonymous Coward
on January 26, 2005 03:43 AM
THE point is that sniping allows you to let the auction remain dormant until the end. If everyone put in their max bid then automatic bidding would kick in and drive the price up to one bid just above the second-highest bidders top bid. If you let it remain dormant until closing seconds then odds are it won't ratchet up so quickly and you get a potentially lower price.
Learn about Linux
Download Linux
Get Linux help
Re:Why snipe?
Posted by: Anonymous Coward on January 26, 2005 03:43 AM#