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To be sure, you can try to develop a strategy and research what products have won for in the past, but I’ve seen one Wii game system sold for $8 while another was still receiving bids of over $200. When you examine past auctions it’s worthwhile to look at the details. In one case, a $3,000 Big Screen TV was won for $267, but it took the winner over 2,300 bids totaling $1,700 to win. In the end, he spent about $2,000 for the TV. Still a great deal, but what if he had lost?
My best advice is to know when to say when. With so much invested in an auction (75 cents per bid) it might be more than a little difficult to walk away from an auction that has climbed past your comfort point. The comfort point is the first thing you should determine before you ever start bidding.
After all is said and done, I am the proud new owner of a Wii at a cost of just about half of retail. Was it worth the anticipation, the agitation, the risk, the reward and the thrill of the hunt? Well, I think I will chalk up my success to luck and quit while I’m ahead. I’ll find comfort in the knowledge that trying to develop skill at Swoopo auctions could quite possibly be an expensive education. An education I choose to trade for the safety, the security, the memory of an exciting one-time adventure.
