This isn't any sort of conspiracy, people just wait until the last second and submit their max price they are willing to pay. When it comes to trading cards most will know what comps are out there and they will snipe accordingly to the price, so it doesn't really matter what the auction price is 10 seconds before, they're going to hit the comp range as their snipes. It doesn't matter if the auction price gained 50% in the last 6 seconds, it's just coming up to the expected comparison prior sales. For really rare stuff it's best to set 7 or 9 day auctions in order to allow a few more days for potential buyers to "find" your listing. People will just sit on it then until that final 10 seconds. I'm a fan of this format overall as I just want an auction to end, i don't want to constantly restart 10 minute extended bidding intervals like Fanatics/PWCC/Goldin, etc.
Sniping is the best way to get the best deals,imo. If you put your highest bid in to early you’ll get in a bidding war that likely ends over your initial maximum limit.
I have been using gixen and Wemby hunt daily, I normally always land the card. The key is to overbid a bit, normally guys who are a sniping are not willing to go much higher than comp
Snipers waiting to snipe is why I win so many auctions… because I come in early and bid what it’s actually worth. If someone wants to overpay (happens less than 10% of the time) they can, but the only person who can possibly get a deal on it is me at that point.
that is ok and if you don't want to have to watch an auction to the end (and a lot of ppl don't) then you can do this. but you are spending more than you have to on your wins if you consistently do this. I honestly have no idea how many ppl "snipe" but let's say that out of 10 interested bidders, there are 3 who don't. 2 of the 3 who don't will be faced w/ the possibility (all 3 will if a bidding war ensues) that they will not win the auction but can if they are willing to spend 1 more dollar or whatever bid increment is required. when you say that you're the only person who can get a deal.. what do you mean by that? there's ways to combat that and that's by adding on 6 cents, or 11 cents or whatever. If you put your bid in for $25.11 with the 11 cents being insurance, as example, it only requires someone to come in and bid $25.12 or more which ppl will do. if I came in w/ 4 seconds left and bid $25.10 and lost then so be it. there's not temptation to keep throwing money at it because it isn't even a possibility. but here's the key - if your bid placed when the auction had 2 days remaining was for $22, then I just bought the card for $22.50.
@@sisterraysbrother what I mean by being the only one to get a deal is, the only one to be able to get a below comps price, as I’m usually some percentage over comps after which, if you bid 11 cents more you’re letting me off the hook as I see it.
the percentage over comps I’m willing to go depends entirely on how rare the card is (is it the only one in existence to theres 20 on ebay) and how bad I want it - but is usually just enough more than I’d prefer to pay to make it easy to walk from when outbid
If there’s a separate buy it now card available I like I’ll usually just bid to within $5 of that, and buy it if someone outbids me, but again, I’m the only one with the potential of getting a really good deal in that scenario - depending on other bidders’ appetite by placing the first “real” bid
Exactly, back in the day sellers use to find out how much a bidder was willing to pay by shill biding their own item over the highest bid then retracting that bid. Before auction ends they’ll make a new bid that’s just under the highest bidders bid to get the most out of the sale.
I usually just decide what I want to pay for it, plug in my bid, and then log back in at auction end to see if anyone jumps me. It would’ve been same diff anyway.
This is how auctions work. If you look at other online auction houses, REI, Heritage, at closing time, there is an extended bidding window. I'm pretty sure you could find similar results if you looked at those sites. In the end, a card will sell for what 2 people are willing to pay for it.
@@paulpaste1719 It would be fun maybe on items over $5K to have a virtual waiting room type of thing where the top two bids duke it out for 5 more minutes one on one.
I've sniped around 1k cards from eBay! I'd rather wait till the last minute to make my purchase so the price isn't bided up! I place what I would pay for the card at the 3 second mark! Most of the time I get it, but not always!
I snipe every time I want a card. I know comps and what my max is before I bid. If I really want a card I’ll start a bid at 15 seconds so I can my last second bid in at the end as others start sniping themselves. Again, I’ve been doing this for years.
But sniping is just a matter of timing to get to the realized market price. Does it really matter if the price went up in the last 15, 10 or 5 seconds or the price went up during the period of the auction? So suggesting ebay is making money of sniping is not really correct - if sniping wasnt allowed then bidders would just need to put in their bids earlier so same price would be achieved but earlier (although there is an argument higher prices could be achieved by those who were not able to react to a snipe will now be able to up their bids in a world of no sniping)
@@mrshorty4313 The only way to find out if this is really true is to use a control. If eBay stopped all sniping for a month see if that affects prices. Or compare eBay auction prices to BIN or auctions prices at the same time period.
Yeah some bidders are smart enough to wait til the last seconds to bid instead of getting into bid wars so I guess the trend is buyers are getting smart enough not to get into early bid wars lmao
A lot more variables to the equation, don't you think? Time of day the auction ends (quite a few of your seemed to end in the AM), number of watchers, item description, and the feedback on the seller ... some of those you had 0 feedback sellers. Certainly more than that even. As for your conclusion, it adds more revenue, that's also based on price/perceived price. If something is rare and 3 people have it listed fir a BIN of $500 and someone who wants it finally breaks down and gets a "deal" at $400, that's much higher than say an auction that's at $100 with a minute left and gets sniped up to say $250. Just feel there is way more to this then the data you present, but appreciate the topic.
Sniping is due to how Ebay does the auctions and many items are underbid until the sniping begins. If you don't want the item you are trying to purchase to be sniped from you just increase your bid.
@@SportCardMadness ~6-8 seconds. This allows you to potentially enter a higher bid if your snipe bid is too low but IMO your snipe bid should be as high as you are willing to pay since you will pay the least amount above the other highest bid.
Yea sniping is same as humans bidding last sec except it’s robots so they will never stop it especially since it generates so much revenue. I actually prefer sniping since it forces me to not over pay what I hate is services that trump my snipes and I lose auctions by one penny. 😅😅😅
@@SportCardMadnessI meant for sports cards. If people all of a sudden could start buying golf clubs and then see those values rise by 100%+ due to a golfer winning a tournament using the same type of clubs, you'd start seeing it in golf.
@@Prouddad036 My favorite band since I was 10. Fav song. I can play all of them on guitar. This is reversed, a half step down and a different tempo. More of a tribute vs fake. -Nick
This video is a nothing burger. Sniping isn’t some wild bot conspiracy. It’s just people hoping a cheap buyer doesn’t put their best bid in. Waiting until the last second makes sure cheap buyers lose auctions to people who will pay at comps.
My math was off by a zero so it’s actually 10x more than I thought!
This isn't any sort of conspiracy, people just wait until the last second and submit their max price they are willing to pay. When it comes to trading cards most will know what comps are out there and they will snipe accordingly to the price, so it doesn't really matter what the auction price is 10 seconds before, they're going to hit the comp range as their snipes. It doesn't matter if the auction price gained 50% in the last 6 seconds, it's just coming up to the expected comparison prior sales. For really rare stuff it's best to set 7 or 9 day auctions in order to allow a few more days for potential buyers to "find" your listing. People will just sit on it then until that final 10 seconds. I'm a fan of this format overall as I just want an auction to end, i don't want to constantly restart 10 minute extended bidding intervals like Fanatics/PWCC/Goldin, etc.
@@caadbrad Great points thanks!
Sniping is the best way to get the best deals,imo.
If you put your highest bid in to early you’ll get in a bidding war that likely ends over your initial maximum limit.
I have been using gixen and Wemby hunt daily, I normally always land the card. The key is to overbid a bit, normally guys who are a sniping are not willing to go much higher than comp
Snipers waiting to snipe is why I win so many auctions… because I come in early and bid what it’s actually worth. If someone wants to overpay (happens less than 10% of the time) they can, but the only person who can possibly get a deal on it is me at that point.
@@cineM4RL I like this strategy
that is ok and if you don't want to have to watch an auction to the end (and a lot of ppl don't) then you can do this. but you are spending more than you have to on your wins if you consistently do this. I honestly have no idea how many ppl "snipe" but let's say that out of 10 interested bidders, there are 3 who don't. 2 of the 3 who don't will be faced w/ the possibility (all 3 will if a bidding war ensues) that they will not win the auction but can if they are willing to spend 1 more dollar or whatever bid increment is required. when you say that you're the only person who can get a deal.. what do you mean by that? there's ways to combat that and that's by adding on 6 cents, or 11 cents or whatever. If you put your bid in for $25.11 with the 11 cents being insurance, as example, it only requires someone to come in and bid $25.12 or more which ppl will do. if I came in w/ 4 seconds left and bid $25.10 and lost then so be it. there's not temptation to keep throwing money at it because it isn't even a possibility. but here's the key - if your bid placed when the auction had 2 days remaining was for $22, then I just bought the card for $22.50.
@@sisterraysbrother what I mean by being the only one to get a deal is, the only one to be able to get a below comps price, as I’m usually some percentage over comps after which, if you bid 11 cents more you’re letting me off the hook as I see it.
the percentage over comps I’m willing to go depends entirely on how rare the card is (is it the only one in existence to theres 20 on ebay) and how bad I want it - but is usually just enough more than I’d prefer to pay to make it easy to walk from when outbid
If there’s a separate buy it now card available I like I’ll usually just bid to within $5 of that, and buy it if someone outbids me, but again, I’m the only one with the potential of getting a really good deal in that scenario - depending on other bidders’ appetite by placing the first “real” bid
I think people snipe so they don’t get shilled up with a regular bid.
@@JaiselGosai-v5j Interesting
Exactly, back in the day sellers use to find out how much a bidder was willing to pay by shill biding their own item over the highest bid then retracting that bid.
Before auction ends they’ll make a new bid that’s just under the highest bidders bid to get the most out of the sale.
thats exactly right
I usually just decide what I want to pay for it, plug in my bid, and then log back in at auction end to see if anyone jumps me. It would’ve been same diff anyway.
I always bid in the last 5seconds. For what that is worth.
I’ve had my eBay account since 1998. If I see early bidding on an auction I assume it’s being shilled
Wow you got me beat, my first ebay purchase was 2000 with a Money Order I sent via snail mail.
This is how auctions work. If you look at other online auction houses, REI, Heritage, at closing time, there is an extended bidding window. I'm pretty sure you could find similar results if you looked at those sites. In the end, a card will sell for what 2 people are willing to pay for it.
Thanks! Yeah I just find it fascinating how much value is created so late into the auction.
Absolutely despise extended bidding
@@paulpaste1719 It would be fun maybe on items over $5K to have a virtual waiting room type of thing where the top two bids duke it out for 5 more minutes one on one.
@@SportCardMadnessIt's not created, it's just delayed and concentrated.
I've sniped around 1k cards from eBay! I'd rather wait till the last minute to make my purchase so the price isn't bided up! I place what I would pay for the card at the 3 second mark! Most of the time I get it, but not always!
I snipe every time I want a card. I know comps and what my max is before I bid. If I really want a card I’ll start a bid at 15 seconds so I can my last second bid in at the end as others start sniping themselves. Again, I’ve been doing this for years.
But sniping is just a matter of timing to get to the realized market price. Does it really matter if the price went up in the last 15, 10 or 5 seconds or the price went up during the period of the auction?
So suggesting ebay is making money of sniping is not really correct - if sniping wasnt allowed then bidders would just need to put in their bids earlier so same price would be achieved but earlier (although there is an argument higher prices could be achieved by those who were not able to react to a snipe will now be able to up their bids in a world of no sniping)
@@mrshorty4313 The only way to find out if this is really true is to use a control. If eBay stopped all sniping for a month see if that affects prices. Or compare eBay auction prices to BIN or auctions prices at the same time period.
Wait till the last few minutes that's how I have got some of my most valuable slabs.
Sniping is not new. This was a thing back in ‘98 when I first started selling on eBay. All the action was in the last 10 seconds back then too
Yeah some bidders are smart enough to wait til the last seconds to bid instead of getting into bid wars so I guess the trend is buyers are getting smart enough not to get into early bid wars lmao
A lot more variables to the equation, don't you think? Time of day the auction ends (quite a few of your seemed to end in the AM), number of watchers, item description, and the feedback on the seller ... some of those you had 0 feedback sellers. Certainly more than that even. As for your conclusion, it adds more revenue, that's also based on price/perceived price. If something is rare and 3 people have it listed fir a BIN of $500 and someone who wants it finally breaks down and gets a "deal" at $400, that's much higher than say an auction that's at $100 with a minute left and gets sniped up to say $250. Just feel there is way more to this then the data you present, but appreciate the topic.
Yeah a 3 hour video with a lot more factors would certainly be appropriate, but no one would watch it 🤪
@@SportCardMadness I totally would!
all i do is snipe on bids. I bid once and that is it.
I make a small initial bid so eBay will warn me 15 minutes before auction ends. Helps me remember to snipe…🤪
Sniping is due to how Ebay does the auctions and many items are underbid until the sniping begins. If you don't want the item you are trying to purchase to be sniped from you just increase your bid.
@@SS-pc6dg When does sniping begin on average though? That is the big question. If 50% of the value is created in 6 secs that’s pretty wild!
@@SportCardMadness ~6-8 seconds. This allows you to potentially enter a higher bid if your snipe bid is too low but IMO your snipe bid should be as high as you are willing to pay since you will pay the least amount above the other highest bid.
No one snipes on golf lol. Nice. Great video and gives me an idea to make videos of me attempting to snipe for my PC.
@@markthompson7503 seriously I watched over 100 golf auctions 🤷♂️
Yea sniping is same as humans bidding last sec except it’s robots so they will never stop it especially since it generates so much revenue. I actually prefer sniping since it forces me to not over pay what I hate is services that trump my snipes and I lose auctions by one penny. 😅😅😅
@@paulpaste1719 😂
Thanks for the analysis!
@@geebear Thanks! Did it way too fast 😂
eBay has instructions on how to snipe. also , cards are sold more than anything else on eBay
@@JasonMann-xm2bp EBay motors is much bigger in terms of revenue. Cards have the volume
@@SportCardMadness anything i buy online comes from eBay and has for a long time, especially auto parts
When I sell I'll be putting a minimum or the seller will get screwed
I’ve found this out the hard way
This has been happening forever.
But why not on golf?
@@SportCardMadnessI meant for sports cards. If people all of a sudden could start buying golf clubs and then see those values rise by 100%+ due to a golfer winning a tournament using the same type of clubs, you'd start seeing it in golf.
It made me stop doing it, If I see Bidding I move on to another seller.
I wanna know
Enjoy!
First day on ebay? 😂
My first order was actually in 2000 ... a Corona Beer flag for my dorm room 😂
Love the channel. Very much dislike the fake Nirvana outro.
@@Prouddad036 My favorite band since I was 10. Fav song. I can play all of them on guitar. This is reversed, a half step down and a different tempo. More of a tribute vs fake. -Nick
This video is a nothing burger. Sniping isn’t some wild bot conspiracy. It’s just people hoping a cheap buyer doesn’t put their best bid in. Waiting until the last second makes sure cheap buyers lose auctions to people who will pay at comps.
All I can think of when I hear "nothing burger" now is Chamath and the All In podcast.
$4 plus a quarter is not 33%
It went from $3.25 to $4.25 if that’s the one you are referring to. More like 30% … so off by 3%. Did the math in my head in literally 2 secs sorry
@@SportCardMadness my bad. It showed an increase from $4 to $4.25.
@@SportCardMadnessthank a math teacher