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OT-how to buy things on E-bay

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Stan in Oly, WA

07-09-2005 22:38:56




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This is actually tool related to the extent that E-bay is often mentioned here as a possible source of tools and equipment.

Is there a strategy to bidding on E-bay or is it as cut and dried as simply bidding the most you are willing to pay and winning when that is more than anyone else is willing to pay, and not winning when it isn't?

I feel regretful when an item goes for $1 more than my maximum bid, particularly, for some reason, when mine was the highest bid at some much lower price until just before the close of bidding. I can't help thinking, "well shoot, I would've gone a couple bucks higher." But that's just ignorant, isn't it? I wouldn't have gotten it for a couple of bucks more unless the winning bidder's max bid happened to be just $1 above my (apparently not quite max) bid.

Well, since I put it like that, I can see that I'm just ranting. But please feel free to respond if you have anything to add, or if you just want to blow off, too. The feedback on this forum almost always makes me feel better, regardless of the subject. It gives me a wonderful sense of relief to come here and be reminded that wisdom, ingenuity, courtesy, teasing, and common sense have not been completely abolished in North America.

Stan

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JEFF MCCRAY

07-23-2005 01:50:56




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  

WONT TO BUY STREET ROD ON E/BAY



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Stan in Oly, WA

07-11-2005 23:05:55




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
Thank you, one and all. I learned a lot.

Stan



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Slowpoke

07-13-2005 01:24:52




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-11-2005 23:05:55  
Ebay is like a live auction; you never know how high another bidder will go. And as the value of the item increases, the bid increments increase. Live auctions may start at $1, jump to $2.50 at $10, $5.00 at $20, $10 at $50, etc. So does Ebay, but in smaller incriments. The live auctioneer keeps asking for bids untill there are no more responses. When the auctioneer says "SOLD", it's over. On Ebay, the clock says it's over. If you place your maximum bid 2 days, 2 hours or 2 seconds before the clock runs out, and it's higher than anyone elses, the automatic bid software will only go to the next increment, be it $0.25, $1, $5, etc. If you loose an item by $1, you happen to be in the $1 per bid range, and you will never know what the winning bidder's maximum was. Remember, if you loose, you still have the money in your pocket.
And if a seller has a shill bidding up the price, the seller has to pay the Ebay fees, even if the shill "wins" the item. Not too smart.

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Rod in Smiths Falls, ON,

07-11-2005 15:36:58




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
Ever notice how much cheaper eBay items are when the auction closes on a holiday weekend?

I watched biscuit joiners for three weeks from one company, and the price for the offering rose from $85 to $95 CDN. On the 24th of May weekend I got mine for $54. Prices shot back up right after.

If you are selling a large item, don't time it to close during the Super Bowl or Christmas dinner.



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steve_ne

07-11-2005 08:24:32




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
Set your max bid in an increament other the what increament the item has.



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Stan in Oly, WA

07-11-2005 14:53:04




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 Re: OT-how to buy things on E-bay in reply to steve_ne, 07-11-2005 08:24:32  
Hi, Steve

I give up. Why?

All the best, Stan



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steve_ne

07-12-2005 06:22:22




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-11-2005 14:53:04  
Okay, let�s see if I can explain this so it makes me sound somewhat intelligent. You already know by now that ebay's auctions are not like real auctions. Where you bid then someone else bids you go back in forth until you have a winner. With ebay you have max bid. That allows you to bid whatever amount you would like. The auto bidder will bid that about even if it doesn't follow the increments. Example

Take a look at the bidding history of this item '7529886552' you will see a bid of 2,000.01 which 'chealey' had won the bid until the 2500.00 bid by myronvenise. Winning bid is the highest bid even if by one cent. Take a look at bidding history of several items you will see all kinds of values check this one '7508149520' bidding history. If you bid 2000.00 and I have the max bid of 2000.01. I will still have the bid at 2000.00 not you. You will see that 2000.00 has been out bid not my max bid. You will then need to increment your bid maybe 50.00 to see if I had bid 2000.01. A game of my auto bidder bets your auto bidder. Hope this helps.

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Leland

07-10-2005 21:58:26




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
No matter what you want wait until the very last minute to bid early bidding just gives the seller and his buddys a chance of running the bid up I have got a lot better deals by doing this.



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Nolan

07-10-2005 16:48:13




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
The last minute bidders are called snippers. I do it on things I want sometimes. Almost all of the bidding takes place in the last few minutes of an auction. Snipping gives you the best chance of the lowest price because it doesn't give time for others to consider rebidding a higher price.

Proxy bidding is having ebay know how much you're willing to bid, and letting their computer do it's thing. It will always beat a snipper, *IF* your proxy bid is more than the snipe.

Remember, if you have the winning bid, you've offered to pay more than everyone else who saw it considered it to be worth. Though this past month things have been very cheap on e-bay for some reason.

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Davis In SC

07-10-2005 16:59:37




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 Re: OT-how to buy things on E-bay in reply to Nolan, 07-10-2005 16:48:13  
Nolan, I noticed the same thing, things are selling cheap on Ebay now... Could just be that people are busy with vacations & outdoor activities. I have gotten some great deals the last few weeks. Although I bid at the last moment, Lately it seems that I win, but price is way below what my max bid was. Nice to win an item at less than half of max bid...



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alex7407

07-10-2005 15:48:53




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
I don't know about bidding, but don't pay a dime until you get what you're ordering.



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Slowpoke

07-13-2005 01:41:20




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 Re: OT-how to buy things on E-bay in reply to alex7407, 07-10-2005 15:48:53  
The accepted practice is to pay for the item soon after you win the bid. If you don't receive it, you file a complaint with Ebay or the credit card company, depending on how you paid. It's a good idea to check feedback before you bid. I don't bid if it's much less than 100%.



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Bernoulli

07-10-2005 07:44:35




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
I regularly buy tools and tool parts on ebay. I search every day for new listings with saved searches (both specific searches and categories because items are frequently mis-labeled)and ebay keeps a list in "my summary". That way I can research the item. In the last 24 hours I put what I"m willing to pay on stealthbid.com and they bid for me. I am currently successful 44.02% of the time. I don"t have to be around for the last second. I also use distance limited searches because of the cost of shipping to the NW.

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Bill WI

07-10-2005 07:18:26




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
I'm sure there is some inside bidding on Ebay, just as there is regular auctions. Went to a moving auction this spring and a bunch of friends and relatives brought stuff and had prices set on their stuff. People were catching on and soon they had a bigger no sale pile then they had room for by the shed. Lot of grumpy relatives and at the last hour of sale lot of bargains. Guess they realized they had a commission to pay. When I was young and just started going to auctions an experienced old neighbor gave me advice I still remember. "It's much better to be sorry you didn't get something ----- than to be sorry you did". I've bought some odd things real cheap, and I've shaken my head and felt bad (for a minute) on some popular things. Haven't really felt sorry yet though.

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Joe in Minnie

07-10-2005 05:33:56




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
NOW HERE'S A THOUGHT, SAY YOU PUT AN ITEM ON EBAY, AND YOU WANT TO GET ALL YOU CAN, SO YOU ASK A FRIEND TO BID ON IT UNTIL YOU GET A NICE PRICE, AND IF THE FRIEND HAPPENS TO BUY IT, THE OWNER JUST GIVES HIM THE MONEY, AND PUT'S IT BACK ON EBAY, WHAT A SCAM, BUT THEN, YOU NEVER KNOW WHAT SOME PEOPLE ARE UP TO THESE DAYS, (( HAPPY BIDDING )) ! ! ! TAKE MY ADVISE, BID WHAT YOU ARE WILLING TO PAY, AND LIKE IT .....

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Redmud

07-10-2005 05:33:44




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
I sometimes wonder about those that start a bid war at the start of an auction.... When I find something I need, I put it on my list. I then decide what I am willing to pay, and I stick to it, not a dime more.. I then make my first bid just seconds before the auction end.



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Coloken

07-10-2005 05:26:27




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
Second thoughts: Go to the bid history of several items and look at the time the bids were place..very interesting. I'm pretty sure I saw once a bid at 3 seconds get snipped by one even closer to the end. Kennyp



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Coloken

07-10-2005 05:18:53




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
Just like Big Jim. I have seen snipers less that 3 seconds to go. Let them play their game. No use to dollar each other back and forth. I place a reasonable bid in early to let them know I am there. Some time in the last minute or two I bid my last and top bid. Same as if I was walking away at a auction. It I am out bid by one dollar, I just shrug and let him have it, content that I bid all I wanted to--possible he bid a lot more than the one dollar.

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Carol Martin

07-10-2005 03:50:49




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
I just saw one yeaterday that I thought to myself. boy this guy just isn't too sharp> They had a dutch auction for 100 Power diodes for welders..the bids were at $5.00 right up to the last few seconds and only half of them had been bid on.. At the last second some Idiot came in and bid $10.00 each for the whole hundred.. I thought that was real stupid.. if he had just bid the $10.00 for 95 of them he would have got them for $5.00 each.. I thought sure I would get some for $5.00. Oh well there will be more..always another day..

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Big Jim

07-09-2005 22:52:29




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-09-2005 22:38:56  
I often place what I c all a holding bid early in the auction. That keeps it up on my bid list. I then have to decide what the item is worth to me. I almost always hunt around on the internet to get a feel for new cost of similar. Once I decide on a maximum, I sit tight until the auction is almost over and enter my maximum just before the auction ends. I have a broadband connection so I usually click the CONFIRM button about 5 seconds before the auction ends. That assures that nobody else can see my last bid and try to enter another one. Often I win, sometimes at a lot less than I was really willing to pay. If I don"t win, I don"t feel too bad because it sold for more than I wanted to give. Also, when you see things go for $1 over your last bid, the other bidder may have entered a maximum bid a lot higher but the proxy system on eBay only enters enough to beat the second highest bid. Just this afternoon, there was an item I wanted and felt it could be worth up to about $60. I entered my last seconds bid and got the item for $9.99. Sometimes you hit really good, sometimes you do OK, just don"t get caught up in the auction and pay more than it is worth.

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Michael_E_Tx

07-09-2005 23:33:18




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 Re: OT-how to buy things on E-bay in reply to Big Jim, 07-09-2005 22:52:29  
I employ a similar strategy to that of Big Jim, except I use a service called Esnipe.com. This service enters your bid for you in the last seconds of the auction, which is especially useful if you don"t have a broadband connection. It"s quite cheap and works very well. I also have a friend who uses a software program to do the same thing, although it sometimes fails if he doesn"t have a good connection.

The idea is to not let others know what you are willing to bid. Many Ebay items sell for over their value because of "bidding wars" between a couple of guys, who as Big Jim suggests, get caught up in the auction. Personally I find this quite often true with tools in general and chainsaws in particular.

Another way to assess the value of an item you wish to bid on is to do a search on Ebay for completed auctions only. This is an option in the search criteria. Again, this might not reflect what the item might be worth to you or I, but is a pretty good predictor of what the item is likely to go for.

Michael

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Stan in Oly, WA

07-11-2005 15:06:34




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 Re: OT-how to buy things on E-bay in reply to Michael_E_Tx, 07-09-2005 23:33:18  
Hi, Michael

Would you mind telling me the exact steps to take to find the "completed auction" option. Even following the steps listed in ebay help I get to where that is supposed to be one of the options (from the drop down menu, I assume) only it isn't there.

I would rate my knowledge of Windows and Internet conventions to be above average, and my problem solving ability as good. But there comes a time when you just have to stop and ask directions, and for me, that time is now.

Thanks, Stan

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Michael_E_Tx

07-11-2005 20:38:34




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 Re: OT-how to buy things on E-bay in reply to Stan in Oly, WA, 07-11-2005 15:06:34  
Hi Stan.

Don't know if this is the only way, but if you start a regular search for an item you are interested in, Ebay will display whatever is currently available. On the left side of the page you will see "Matching Categories" and underneath that a similar bold heading "Search Options". A subheading under that category is "Show only:". Under that is "Completed listings". Just click on the box and hit "Show items".

As an example, I just did a search on "kubota backhoe". Ebay turns up 9 items. I did what I have just described and Ebay shows me 21 completed listings.

Something you can do to improve the quality of your completed items list is narrow your original search. In my example, sometimes there will be some misc. stuff that I'm not interested in, such as diecast toys. If I click on the category "Business &Industrial" and then click on "Show items", Ebay will sort the search results and only show me real backhoe stuff. This will carry over in the "Completed listings" list. Can you tell I've been looking for a kubota backhoe?

The worst case of the above that I've run into is doing a search for chainsaw, where the initial results will include a gazillion items of Chainsaw Massacre memorabilia.

If you use Mozilla or Firefox, you can open things in tabs, and it's much easier to keep track of what you've done and to get back to where you started.

Michael

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DaveDW

07-10-2005 07:22:43




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 Re: OT-how to buy things on E-bay in reply to Michael_E_Tx, 07-09-2005 23:33:18  
Unfortunately ebay is not a true auction, more a game of beat the clock. I once happened on an auction site from somewhere in Europe.... auctions were automatically extended 5 minutes past the last bid. A true auction. Ebay is good for buyers, but not particuliarily sellers, to get a true auction price.



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Big Jim

07-11-2005 20:31:52




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 Re: OT-how to buy things on E-bay in reply to DaveDW, 07-10-2005 07:22:43  
There is a significant offsetting factor in eBay auctions: The size of the potential bidder group. A local auction may draw a hundred bidders and the auctioneer has to work his tail off to get bids. An item listed on eBay can draw thousands of page views. Personally, I wouldn"t even bother shopping with a site that extended the time automatically after the last bid. eBay becomes kind of a cross between sealed bid and traditional auctions.

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hawaiirocky,

07-11-2005 21:13:17




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 Re: OT-how to buy things on E-bay in reply to Big Jim, 07-11-2005 20:31:52  
Those automatically extended auctions can bite you. The US government auctions are like that and they cost me some good buys. I'm in Hawaii and say, I bid on something that is at the Navy base here. At the last minute some clown in New York outbids me by a thousand dollars. I either have to outbid him or forget it. I know the guy in New York ain't gonna fly out here, but they do it just to mess up the auction. The item then ends up in the dumpster.

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roper6365

07-10-2005 17:35:17




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 Re: OT-how to buy things on E-bay in reply to DaveDW, 07-10-2005 07:22:43  
I have bought and sold many Items on Ebay. I always look for a "Buy it Now" for things I want or bid last minute. There are so many people out there that get caught up in the bidding wars that things get over priced in a hurry. I'm lucky enough to work swing shift so I buy alot of things that end in the middle of the night. Not many buyers on at 3am :) Speaking of Buying. I priced a bunch of parts for my MF 255 on Ebay and compared them to this sight. Ytmags prices are good.

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