I agree entirely Morgan - "count me out" was a reference to the seller
ending the auction early, not to "sniping".
Piers
-----Original Message-----
From: owner-olympus@xxxxxxxxxxxxxxx [mailto:owner-olympus@xxxxxxxxxxxxxxx]
On Behalf Of M. Sparks
Sent: Monday, April 21, 2003 2:32 PM
To: olympus@xxxxxxxxxxxxxxx
Subject: RE: [OM] 300/4.5 $350 in Australia
> Not exactly transparent auctioneering - count me out.
I'm with Tom Scales on this one. You may not like sniping, but it's exactly
how a live auction is run. The way I see it, if you're serious about any
item, you either have to be present at the close of the auction, or pay
someone else to be there for you, via eSnipe or some other service.
If I go to a live auction, bid $50 on a chair, and then walk out for a
coffee before the gavel falls, I have no right to complain when I return and
find the chair sold to someone else for $75.
Also, a smart buyer can never feel confident at an auction close to his/her
maximum bid. If I bid $100 on a mint OM-1, and go to bed with the bidding
at $90, then I shouldn't be disappointed when I find it long gone the next
morning.
I also disagree that a seller who bans sniping will maximize the selling
price. It may force an earlier run-up in the price, but it also has the
effect of making the potential bidder pool smaller . . . and bidders who use
sniping services tend to be among the more serious buyers.
Morgan
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