What is the advantage of sniping? Doesn eBay use a proxy bidding system?
A. When you bid at the last second, no one has time to respond to your bid. It doesn’t mean that you will always win an auction, but you have a better chance when no one has the time to outbid you. The truth is that most people rarely know what the maximum amount they are willing to pay for something is. Maybe in reality, you are willing to pay a few dollars more for something if it means the difference between getting it now or not. Even if you know exactly what your maximum price is, that doesn’t mean that other users do. A lot of people will wait till a few minutes before an auction is over, and decide if they are willing to pay a little more than the current price to win something. With sniping, you don’t give people that opportunity.
