Posted By:
Vincent
. . . I agree with Tim. I also have two other reasons why I snipe.
I've tried bidding on items without using a snipe, and my success rate is painfully low. Well below 10%. My success rate using snipes is much higher (better than 50%). Am I a more agressive bidder using snipes ? I don't think so. I think it allows other bidders the opportunity to change their maximum bid.
And that is probably why I snipe. By timing it down to the last 5-6 seconds, the other bidders may get one additional opportunity to top my maximum. While a 50% success rate isn't great, it's certainly better than the >10% success rate from not sniping. And my collection is the better for it.
Thanks.