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Who Loses in the Auction Stealing Game

February 7, 2011 15:33

People ask us, with so many auctions being won on goSnipe, who is losing? In reality, buyers are not losing. A successful eBay auction sniper only represents one more bidder; in reality any previous bidder could have triggerred a higher bid. The thing that sniping prevents is information about the interest of goSnipe's one anonymous eBay bidder (you). Is this wrong? Absolutely not. At the end of the day a seller is executing a sale for the item at an increment more than the second highest bidder. So the seller stands to make more money.

People also ask us what would happen if two people sniped - or if every person used goSnipe to snipe an eBay auction. The reality is - nothing! In fact, it might lead to better results. Here is the logic. Auction sniping is unemotional. Bidders are not placing bids based on what others value the item at but only on what they are winning to pay. And the 'vickrey auction' method of bid execution actually permits the auction to run more efficiently. And while Wikipedia suggests that a 'weakness' is that is does bnot allow for price discovery, we see this as its biggest strength! Nobody wants other bidders to know their interest in an item! We believe that goSnipe should be an integral piece to every eBay bidder's bid execution protocol. Otherwise, auctions will run less efficiently andeBay users will pay too much! So when you bid, be sure to use goSnipe! And we hope with your help and conviction we can change the face of eBay bidding forever.

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