Bidding above the BIN

[bnorth]

At least it only cost you a nickel. I have done that also and ended up paying WAY more than my cheap ass would have paid by hitting the BIN.

[swarmee]

There are some auctions I spot with way-under-market BINs right as they're listed, that I would feel guilty if I bought and actually purchased at that price. So I bid the minimum on the item to get rid of the BIN and then let the seller be pleasantly surprised when it sells for a price 10x what they set the bid for.

[h2oya311]

Originally Posted by swarmee

There are some auctions I spot with way-under-market BINs right as they're listed, that I would feel guilty if I bought and actually purchased at that price. So I bid the minimum on the item to get rid of the BIN and then let the seller be pleasantly surprised when it sells for a price 10x what they set the bid for.

Those tend to be the auctions that are ended early by the seller. Then you will kick yourself for being stupid enough to have been the “good guy” when there are 10 other guys out there without those same morals who convince the seller to cancel all bids and sell at 3-4x what they thought they’d originally get.

Oops.

[swarmee]

Originally Posted by h2oya311

Those tend to be the auctions that are ended early by the seller. Then you will kick yourself for being stupid enough to have been the “good guy” when there are 10 other guys out there without those same morals who convince the seller to cancel all bids and sell at 3-4x what they thought they’d originally get.

Oops.

Not the ones I've done it on. They've all run to the end.

[Howe’s Hunter]

each time eBay will remind me I’ve bid more than BIN, am I sure I don’t just want to BIN. No, I don’t and all three times I’ve won the card for less than the BIN because no one else bid it up.

[scooter729]

An item I was watching on eBay sat with a $180 BIN for over a month. The seller then just listed it as an auction starting at $9.99. It ended last night at $225. That's the power of auctions on some folks!

[bobbyw8469]

Originally Posted by scooter729

An item I was watching on eBay sat with a $180 BIN for over a month. The seller then just listed it as an auction starting at $9.99. It ended last night at $225. That's the power of auctions on some folks!

I have had it work both ways. I am not 100% convinced auctions are the way to go. It is a nice bonus where it works out like that, but I have also seen too many instances where it happens the opposite way.