English as a Second Language (ESL) Podcast - Learn English Online

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A podcast for those wanting to learn or improve their English - great for any ESL or EFL learner. Visit us at http://www.eslpod.com.


1,118 - Bidding on Online Auctions

July 6th, 2015

Episode 262 of 489 episodes

Get a good deal on an online auction. Learn more in this episode. Slow dialog: 1:15 Explanations: 3:22 Fast dialog: 16:26 Jermaine: Wait! You shouldn’t bid on that auction right now. Wait until the last minute. Bethany: This auction has a buy-it-now price of $25 and free shipping. Jermaine: Don’t pay the buy-it-now price. The minimum bid on this item is $10 and the current bid is only $12.50. There’s no reserve, so if you wait to bid, you may snag it for a much lower price than $25. Bethany: Okay, I guess I can wait, but why can’t I place a bid of $15 right now? Jermaine: First of all, the bidding on this auction goes up by increments of 50-cents, so the next bid would be $13.00. You could place a maximum bid of $15.00, but someone might outbid you at any time. Bethany: But couldn’t that happen anyway? Even if I wait until the last minute someone could sneak in and bid a higher price. Jermaine: You mean they could snipe you? They could, but not if you snipe them back. It’s all in the timing. Bethany: You seem to know a lot about online auctions. Jermaine: That item you’re bidding on, guess who listed it? Script by Dr. Lucy Tse

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