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#11

08-19-2019, 02:13 PM

Rhotchkiss Rhotchkiss is offline

Member

Join Date: Dec 2016

Posts: 4,685

Quote:

Originally Posted by Peter_Spaeth

How many auctions are really won by last second snipes?

Last night.... a number of them were.

Cory, the 3:45am thing is different than the 12am thing in two ways (i) in the 3:45 one, the auction house does not give warning that its going to end and it ends at a firm time -- they tell you its almost over at some point and eventually they let the last 15 minutes run and don't restart -- in other words, the auction ends without true warning, so people have their bids in earlier out of caution and can't snipe, and (ii) by 3:45am, almost everyone has put in their best bid and gone to bed, so there would be very little last minute-sniping, even if sniping were possible.

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