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Bidding wars on Ebay when there are days left to run. why?

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SteveW:
Been watching a few bikes on Ebay over the past few months.

Can't understand why people are having bidding wars when there are days and days to go before the auction ends.

All it does is push the price up, great for the seller but not the bidders.

One I was watching recently, 6 days to go, 2 people out bidding each other, whats the point?

Am I missing something?

Skunky:

--- Quote from: SteveW on October 06, 2018, 04:51:58 PM ---Been watching a few bikes on Ebay over the past few months.

Can't understand why people are having bidding wars when there are days and days to go before the auction ends.

All it does is push the price up, great for the seller but not the bidders.

One I was watching recently, 6 days to go, 2 people out bidding each other, whats the point?

Am I missing something?

--- End quote ---

No you're not. Stops you getting in with that last 10 second bid. I think what can happen is someone bids big early and then people start fishing to see how high they went. Obviously not poker players. Keep the cards close to the chest and Slam them down. I bid 10 seconds to early on my CB400 exhausts and it cost me £60 extra. :'(

JamesH:
Also depends on the type of auction. Quite often, if it’s a reserve type auction you end up with a few bidders trying to establish what the reserve is (in advance of the last minute flurry)..

Piki:
or seller friends to rise up the price ;D

matthewmosse:
Depends, if it something I really want, I sometimes bung a high bid on early, put other bidders off, especially if there is something else tempting ending sooner, say there is a bike on there at £200, I know it will easily fetch £800, I would easily pay that but another bike ends 3 days sooner, similar money, I may decide to go the full £800 on bike 1, if the bidding gets too strong on that right away I can go look at that one ending sooner, try to my max on that and still have time to go for the first bike again, at least I know it's going to be stong money and can have time to move savings around to make sure cash is right where I need it. Normally I wait til the final few seconds, but at times it's worth going in strong, putting off bargin hunters early on, they can get carried away and run it way past a bargin.

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