On 11/22/22 09:17, Glenn Roberts wrote:
> Dutch approach is to put up for bids but with a very high starting bid,
> hoping someone will bite. After some period of time the starting bid is
> reduced (and eBay sends emails about the “price reduction”) and the process
> continues until someone bites. It usually take weeks. Most sellers also
> post a “make offer” option at the same time and I suspect that’s how most
> of these sales end. Usually they just suddenly disappear…
>
> The prevalence of this practice does create a false impression of high
> value because people say they “saw an H8 on eBay for $5,000”, which also
> seems to perpetuate the practice.
>
> I believe many people underestimate the power of the upward bidding frenzy
> that can be ignited by a low starting bid…
Ah - ok. I see now. My philosophy for eBay is simple:
- I don't bid on what you're terming Dutch auctions.
- For anything I do want to bid on, I enter my maximum price in eSnipe and
time it for 5 seconds before close. If I win, I win. Otherwise on to the next.
Why eSnipe? My theory is that it's best to minimize activity on the site and
hold one's cards close. I might be deluding myself, but subjectively it seems
like my score rate has been a lot better since moving to eSnipe.