|Kuriology sculptures at auction on ebay.co.uk|
|Kuriology Steampunk Nautilus Submarineon ebay auction with 99p start price|
- Auction 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. This can be done manually, by software on the bidder's computer, or by an online sniping service. Use of an online service is said to decrease the failure rate of the snipe, because the website has more reliable servers and a faster Internet connection with a less variable delay in sending data (jitter), allowing the bid to be placed closer to the deadline, even arriving within the last second.
|Kuriology Sculpture on ebay.co.uk|
- Shilling bids Sniping closes a loophole to fraudulent practice by a shill (an agent for the seller, which may be another account of the seller) to raise the bid to the maximum. They then hope the original bidder will increase their maximum bid even by a small amount to win the auction. The danger to the seller in this case is that the original bidder may not choose to increase their bid, leaving the seller with a futile transaction (selling the item to themselves) which will often still incur a fee from the auction service. Bidding at the last moment prevents a shill bidder from pushing the auction higher, as they have no time to make the incremental bids required.