Why do they bid? heh

A lot of people do it just to get rid of the buy it now option.

 

I bid on a PAL Kizuna Encounter for the Neo-Geo AES once.


Though I only bid $10,001 since someone else was bidding... and I just wanted to say I had bid on one once. :redface:

If I had won it I was going to take out a bank loan and pay for it then turn around and sell it just so I could say I owned it at one point. :lol:

Oh I'm such a nerd. :-( :redface:

 

"I just put what ever amount I'm prepared to spend and walk away."

I make my bid slightly more than I'm willing to pay. If I'm willing to pay $100 and I lose to a $105 bidder I'll probably tell myself that I would have bid the extra $10 to get it. But if I bid $120 and I lose then I know there's no way I would have bid $125 so I don't feel burned...heh. If I win at $115 then it's a little more than I wanted but there isn't any regret of a loss...

 

You bid ten thousand dollars, and didn't even want it?!?!?! Geez, the thing went for $12,500 IIRC... you nearly landed yourself in BIG debt!

And if you won it, what makes you think you'd get your money back? The ENTIRE Neo Geo community would have known about it (certainly all at neo-geo.com) - you would have been bidding against any interested parties, and they would have stopped to allow you to win.

JG, it seems this goes both ways - not only do you get people bid $1 for something they'll have to spend $80 shipping that they want but are too stingy to put a REAL bid in, but you get people bid $10,001 for something they don't want and can't afford! :lol:

 

I've been an active eBayer for years. My original account was scrapped a while ago and I set-up a new account. In total I've been selling / buying for close to 6 years.

Whilst I have a great deal of sympathy for the original poster, I have in the past won some amazing auction items thanks to there being no reserve on a 99p item.

If you want reasons for someone only placing a 99p bid on something that would generally reach £100's then it may be that people are naive enough to assume something rare / obscure or interesting to them might not attract any further attention? That in itself is a vain hope, however it has worked for me in the past!

There is no way I am going to sit and list all of those bargains, but there have been enough of them for me to warrant continuing the practice when I see an item I like, but don't necessarily need. It's like "Oh, if that doesn't generate interest I'd like that for 99p please!"

You can hardly complain about it, after all you are placing something on auction at that price to attract lots of interest. When and IF it doesn't occur and someone gets it for your starting price you must be absolutely livid! On the other hand I have sat whilst a bidding war breaks out at the last second and people pay stupid prices for an item I know is not worth what it goes for in the end. In those instances I just back out and watch.

An example of that was a standard PS2 unit that was on auction, fully boxed, in mint condition listed for £5.00. In the last few seconds it reached £110 plus £20 P&P. Are these bidders retarded? They could have popped down to their local store and BOUGHT a brand new one for that!

If the items go for a significantly greater value than the 99p listing price then who does it actually p*ss off or hurt? It's just a vain attempt to bag a bargain and statistically everything might be stacked against you, but when those odds go even...bam! Bargain time!

 

That's the thing though isn't it....99p IS a real bid. It's not a REAL price for the item, but if you place something on auction without a reserve then you have to take your chances that it might not reach the figure YOU feel it it worth.

As for $10,000 for a piece of gaming equipment... If I did that, my wife would re-enact the last moments of Wayne Bobbets original member on me, but this time she would ensure that some nuzzling wildlife devoured it!