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Auction Sniping

What Does Auction Sniping Mean?

Auction sniping is a technique where a user in a timed online auction waits until the time limit is nearly expired before entering a bid. The other participants in the auction do not have enough time to enter a counterbid, allowing the sniper to win the auction. A sniper may enter the bids manually or use a software package to do so.

Auction sniping may also be known as bid sniping.
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Techopedia Explains Auction Sniping

Auction sniping is a legitimate way to get an item without engaging in a bidding war, but it does cause hard feelings among the other bidders. Online auction sites have taken some steps to minimize the prevalence of sniping, including requiring a CAPTCHA before entering a bid and adding a "buy now" button for bidders who are willing to forgo the auction process to leave with the item.
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Synonyms

Bid Sniping

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e-CommerceBuzzwords and JargonInternet

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