Does sniping avoid the “bidding frenzy”?
Advocates of snipe bidding claim that it avoids an early “bidding frenzy” on an auction – this is when the price is driven up quickly by several keen buyers outbidding each other. However, common items tend to fetch very similar prices at eBay auctions whether there are many bids in a short time, or a few bids days apart because the volume of bidders is sufficient to set a predictable market price.
