Stubborn DealDash Bidders = Overbidding

I know we have all seen DealDash auctions that last days upon days and we wonder how many bids has each bidder used.

Most of the time it’s two bidders who have been in since the beginning of the auction. I figure they have been trying for that item for sometime and decided “today is it.. no backing down this time”. The problem is if two bidders have that same philosophy, that will surely become a train wreck.

I recently witnessed such an auction. I have wanted to win that elusive projector I can’t seem to win, so I enter every auction I come across for one. I usually bookmark the auction, bid till I win or decide I have used enough bids, then watch to see how much it went for. This particular auction had been going on for over 24 hours so just out of curiosity I decided to log onto All Penny Auctions when it existed to dig deeper into how many bids the two bidders had each used. I know for a fact both have been in it from the get go and to my surprise, each had used 3400 + bids. WOW On APA you can open the auction and see how many bids each current bidder has used and how much they will “save” if they win. Both bidders have spent so many bids they are now in the “bidder loses” category! Let’s just add that up for a second and see. 3400 x 0.15 = $510.00 each. The projector retails for $600.00.

I would be very upset with myself if I lost that much money and had nothing to show for it in the end. I just hope the “loser” uses the BIN although at this point I believe if that happens, the loser is actually the Winner!

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By Kim Finnegan