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Chapter 9. Secrets of Successful Bidders > The Guaranteed Way to Win an Auction...

The Guaranteed Way to Win an Auction—Be Sneaky and Snipe

If you have any experience with eBay auctions, you've seen the following phenomenon. On day one of the auction, there are a few initial bids. On day two, the number of new bids trails off. On days three through six, few if any bids are placed. Then, on the seventh and last day of the auction, all hell breaks loose—with the heaviest bidding taking place in the auction's final minutes.

What's happening here? It's simple: Interested bidders are employing a technique called sniping, and saving their best bids for last.


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