Well I have stayed out of this one. However, I use esnipe all the time. I'm just too lazy to follow the auction. So I will put in a bid at the minimum, and then put in a snipe bid at my maximum and then eventually a cell phone SMS message appears saying that I won, was outbid, or my bid was too low. I hope I can get it cheap - but don't expect it.

That being said, here is a very interesting paper from Harvard on the same subject. You will need Adobe reader to read the PDF file.

http://www.economics.harvard.edu/~aroth/papers/eBay.veryshortaer.pdf

Also, in honor of my weekend's activities I decided to change my picture...