Still on the subject of recumbent trikes, there's this Rohloff equipped Greenspeed GT3 on British ebay for £1,299.00 (about half as much as my Scorpion will cost) that has had zero bids. It has been tempting me most horribly, but I've set my heart on the Scorpion and a different configuration.
Only 8 hours left as of writing and no takers? What's the matter with everyone? That bike is equipped down to the last pannier; it has everything (except suspension, and 81 gears, and Magura Big brakes...) And no, I don't know the seller in Bishop's Stortford. But I instinctively feel he must be a gentleman of refined sensibility to possess such a beautiful machine.
Only 8 hours left as of writing and no takers? What's the matter with everyone?
I think it's the 8 hours left bit. I wouldn't bid on an item 8 hours before bidding ends.
Take another look in the last couple of minutes of bidding and see what happens then.
-- Danny Colyer <http://www.redpedals.co.uk> Reply address is valid, but that on my website is checked more often "Daddy, put that down. Daddy, put that down. Daddy, put that down. Daddy, why did you put that down?" - Charlie Colyer, age 2
Still on the subject of recumbent trikes, there's this Rohloff equipped Greenspeed GT3 on British ebay for £1,299.00 (about half as much as my Scorpion will cost) that has had zero bids. It has been tempting me most horribly, but I've set my heart on the Scorpion and a different configuration.
Only 8 hours left as of writing and no takers? What's the matter with everyone? That bike is equipped down to the last pannier; it has everything (except suspension, and 81 gears, and Magura Big brakes...) And no, I don't know the seller in Bishop's Stortford. But I instinctively feel he must be a gentleman of refined sensibility to possess such a beautiful machine.
Thats quite a good price if the description is accurate. The hub alone has to be worth 500 odd.
Still on the subject of recumbent trikes, there's this Rohloff equipped Greenspeed GT3 on British ebay for £1,299.00 (about half as much as my Scorpion will cost) that has had zero bids.
[...]
Quoted message said:
Thats quite a good price if the description is accurate. The hub alone has to be worth 500 odd.
It would be a good price if that was the price to beat, but the actual price to beat is whatever everyone interested has put into their sniping software. Why ebay doesn't just support sealed bid auctions and cut out the automated sniping step, I'm not sure.
In article <[email hidden]>, Artemisia [email hidden] says...
Quoted message said:
Only 8 hours left as of writing and no takers? What's the matter with everyone?
I take it that you're not acquainted with the concept of "auction sniping" then? Early bids will only drive the price up, so they wait until the closing seconds to place a bid in the hope that nobody has already bid higher and they won't have a chance to place a higher bid before the listing closes. Expect a flurry of activity in the closing seconds. I generally bid within about 5 seconds of the end - I'd quite like to on this listing but the bank balance says no. :-(
Still on the subject of recumbent trikes, there's this Rohloff equipped Greenspeed GT3 on British ebay for £1,299.00 (about half as much as my Scorpion will cost) that has had zero bids.
[...]
Quoted message said:
Thats quite a good price if the description is accurate. The hub alone has to be worth 500 odd.
It would be a good price if that was the price to beat, but the actual price to beat is whatever everyone interested has put into their sniping software. Why ebay doesn't just support sealed bid auctions and cut out the automated sniping step, I'm not sure.
Sniping is part of all auctions, both virtual and real - if you dont like sniping you dont like auctions, theres no bloody point in buying from an auction if you put in something close to the final price straight away. The whole fun of auctions is who can get it and how cheap can they manage - if you want to buy something for around the going price, buy a "buy it now" or go to a shop.
In article <[email hidden]>, CoyoteBoy [email hidden] says...
Quoted message said:
Sniping is part of all auctions, both virtual and real
Not really - the hammer doesn't fall in a real auction until the auctioneer's satisfied he's got the highest bid. If I'm interested in a lot at a real auction I'll wait until the bidding slows down before placing my first bid, but that's not the same as sniping.
Only 8 hours left as of writing and no takers? What's the matter with everyone?
I think it's the 8 hours left bit. I wouldn't bid on an item 8 hours before bidding ends.
Take another look in the last couple of minutes of bidding and see what happens then.
Sold for the starting price. Maybe everyone's cleaned out after the summer holidays, or doesn't feel like cycling now autumn's on its way.
Base price seems around 2750USD+1250USD for the Rohloff, new price 4k USD or 2k English squids, so 1300 for a good condition 500 miler with paniers and headrest was a bargain.
In article <[email hidden]>, CoyoteBoy [email hidden] says...
Quoted message said:
Sniping is part of all auctions, both virtual and real
Not really - the hammer doesn't fall in a real auction until the auctioneer's satisfied he's got the highest bid. If I'm interested in a lot at a real auction I'll wait until the bidding slows down before placing my first bid, but that's not the same as sniping.
"Rob Morley" <[email hidden]> wrote in message news:[email hidden]...
Quoted message said:
In article <[email hidden]>, Artemisia [email hidden] says...
Quoted message said:
Only 8 hours left as of writing and no takers? What's the matter with everyone?
I take it that you're not acquainted with the concept of "auction sniping" then? Early bids will only drive the price up, so they wait until the closing seconds to place a bid in the hope that nobody has already bid higher and they won't have a chance to place a higher bid before the listing closes. Expect a flurry of activity in the closing seconds. I generally bid within about 5 seconds of the end - I'd quite like to on this listing but the bank balance says no. :-(
There are aspects of automated sniping that are beneficial to the buyer:
1. It removes the temptation to get drawn into a bidding war and protects one's solvency. 2. It isn't always possible to be at a computer at the close of an auction - remote sniping will place one's bid in abstentia.
It's not possible to compare Ebay to live auctions, they operate in very different ways. Sniping does not always win. The highest bidder always wins - sometimes by sniping.
It's not possible to compare Ebay to live auctions, they operate in very different ways. Sniping does not always win. The highest bidder always wins - sometimes by sniping.
Plus, I believe that it's a standard result in micro-economics that it doesn't matter what auction method one uses; they all give the same final price[1].
Don't have a good reference to hand unfortunately.
Phil
[1] On average, & excepting purchases of items which represent a very large proportion of ones total wealth, eg a house, where sealed bids results in people paying more IIRC.
Still on the subject of recumbent trikes, there's this Rohloff equipped Greenspeed GT3 on British ebay for £1,299.00 (about half as much as my Scorpion will cost) that has had zero bids.
[...]
Quoted message said:
Thats quite a good price if the description is accurate. The hub alone has to be worth 500 odd.
It would be a good price if that was the price to beat, but the actual price to beat is whatever everyone interested has put into their sniping software.
I take it back - winning bid placed more than 40 seconds before the end, and only one bid, so the winner has got it at a very good price.
It's not possible to compare Ebay to live auctions, they operate in very different ways. Sniping does not always win. The highest bidder always wins - sometimes by sniping.
Plus, I believe that it's a standard result in micro-economics that it doesn't matter what auction method one uses; they all give the same final price[1].
Don't have a good reference to hand unfortunately.
Phil
[1] On average, & excepting purchases of items which represent a very large proportion of ones total wealth, eg a house, where sealed bids results in people paying more IIRC.
Only if you assume rational buyers who have good market information before the auction, I suspect. In reality bidders sometimes get caught up in a bidding war and spend more than they planned, and this is sometimes rational because knowing someone else is prepared to bid that much is information you didn't have beforehand which might push up your assessment of how much it is worth to you.
eBay auctions also differ from a standard auction in that the winner doesn't pay whatever they bid, but a slight increment over what the second highest bidder bid (or the starting price, if there is only one bid). So we can't tell what we would have had to bid to beat the winner.
[email hidden] (Alan Braggins) wrote in news:[email hidden]:
Quoted message said:
Quoted message said:
It would be a good price if that was the price to beat, but the actual price to beat is whatever everyone interested has put into their sniping software.
I take it back - winning bid placed more than 40 seconds before the end, and only one bid, so the winner has got it at a very good price.
With only one bid and no reserve he seems to have paid much more than he needed to.
-- Tony
" I would never die for my beliefs because I might be wrong." Bertrand Russell
"Tony Raven" <[email hidden]> wrote in message news:[email hidden]...
Quoted message said:
[email hidden] (Alan Braggins) wrote in news:[email hidden]:
Quoted message said:
Quoted message said:
It would be a good price if that was the price to beat, but the actual price to beat is whatever everyone interested has put into their sniping software.
I take it back - winning bid placed more than 40 seconds before the end, and only one bid, so the winner has got it at a very good price.
With only one bid and no reserve he seems to have paid much more than he needed to.
He paid the starting price, which in this case was effectively the reserve.
It would be a good price if that was the price to beat, but the actual price to beat is whatever everyone interested has put into their sniping software. Why ebay doesn't just support sealed bid auctions and cut out the automated sniping step, I'm not sure.
Because eBay doesn't work in the same way as "real world" auctions - the whole concept is the highest bid within a fixed time wins. Within this time frame, it matters not a jot how or when the bid is placed. A sniper has no idea what the current high bidder's maximum bid is, so it's no guarantee of winning.
Besides, I've never used sniping software in my life :-) I like the adrenalin rush of sitting there watching the seconds count down.
"Tony Raven" <[email hidden]> wrote in message news:[email hidden]...
Quoted message said:
[email hidden] (Alan Braggins) wrote in news:[email hidden]:
Quoted message said:
> > It would be a good price if that was the price to beat, but the actual > price to beat is whatever everyone interested has put into their > sniping software.
I take it back - winning bid placed more than 40 seconds before the end, and only one bid, so the winner has got it at a very good price.
With only one bid and no reserve he seems to have paid much more than he needed to.
He paid the starting price, which in this case was effectively the reserve.
He couldn't have paid less in this auction.
There was no reserve. But I'd have been leery of bidding under.
