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Auction sniping (also called bid sniping) is the practice, in a timed online auction, of placing a bid likely to exceed the current highest bid (which may be hidden) as late as possible—usually seconds before the end of the auction—giving other bidders no time to outbid the sniper.
1 eBay partner networks prohibits Sniping. 1 comment. 2 The Merge. 1 comment. 3 Sellers generally object to bid sniping. 3 comments. 4 Proxy Bidding as Antidote to ...
Auction sniping can be done by software on the bidder's computer, [18] or by an online sniping service. [ 19 ] [ 20 ] eBay Germany banned automated sniping services in 2002, [ 21 ] but the ban was declared illegal by Berlin 's County Court, and revoked.
Sealed bid – a submitted bid whose value is unknown to competitors. Sniping – the act of placing a bid just before the end of a timed auction, thus giving other bidders no time to enter new bids. Soft close – When a bidder places a bid in the last set amount of minutes and the auction is automatically extended for a set period of time.
In 2011, a bidder on eBay became the first individual to be convicted of shill bidding on an auction. [26] By taking part in the process, an individual is sometimes breaking the law, depending on the relevant jurisdiction, for example breaking the European Union fair trading rules which carries out a fine of up to £5,000 in the United Kingdom .
Luxury Is Calling. One man’s trash is very often another man’s treasure on eBay, which has been selling head-scratching items since 1995. But eBay is a place for a lot more than just cheap ...
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Bridgeville, California (population 25) was the first town to be sold on eBay in 2002, and has been up for sale three times since. [1] In January 2003, Thatch Cay, the last privately held and undeveloped U.S. Virgin Island, was listed for auction by Idealight International. The minimum bid was US$3 million and the sale closed January 16, 2003. [2]
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