I have extensive experience bidding on eBay auctions, I probably engaged in 10 auctions a month for several years in a row.
The first few times I definitely encountered winners curse. But the real/only solution is having accurate price discovery and having a game plan. I will do research to find the current market value and bid in the bottom end of the range. If I miss it, the market is liquid enough such that I can try again and if i hit it, then I am happy because I got it for a low price.
On items with lower liquidity and availability I still need to be patient and disciplined with my bidding. This is the only way to do online auction bidding.
The first few times I definitely encountered winners curse. But the real/only solution is having accurate price discovery and having a game plan. I will do research to find the current market value and bid in the bottom end of the range. If I miss it, the market is liquid enough such that I can try again and if i hit it, then I am happy because I got it for a low price.
On items with lower liquidity and availability I still need to be patient and disciplined with my bidding. This is the only way to do online auction bidding.
Oh and also sniping in the last 30 seconds.