Originally Posted by Mr. Checks
I do not understand any of this. What's a "snipe," and how can you tell someone set one?
Is this the reason I always seem to lose EBay auctions? I try and try and have only had two transactions.
A snipe is a last-second bid meant to win an auction by giving other bidders no chance to up their offers. Many people do it, some by hand and some by using sniping software.
Lately, sniping seems to have become nearly universal. At such, I put no stock in the going price prior to the very end of the auction. I've seen bids go from less than $10 to well more than $100 in the last two minutes; on more expensive items, the bids sometimes double or more. It can be very frustrating, but sniping also prevents the type of retaliatory bidding we see in this thread.