Subject:
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Re: $2,137.00
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Newsgroups:
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lugnet.lego.direct
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Date:
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Fri, 12 Apr 2002 22:32:53 GMT
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Viewed:
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620 times
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In lugnet.lego.direct, Drew Croke writes:
> I am amazed at this price....
>
> http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=1719045942
>
> Heh. I love capitalism....
Actually, I'm sort of confused as to what exactly that "iron horse"
(ferroequus, whatever...) dude was doing - why did he successively outbid
himself?
Pedro (who knows virtually nothing about the fantastic world of auctions)
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Message has 3 Replies:
 | | Re: $2,137.00
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| (...) Maybe somebody bidded higher and so Ebay raised his bid until the bid went over his Maximum Bid? John Kruer (22 years ago, 12-Apr-02, to lugnet.lego.direct)
| | | Re: $2,137.00
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| (...) If you look carefully, you will see that the higher bids are older, and thus were "proxy" bids (where you bid what you really think you want to pay for the item, then the system submits the lowest possible bid for you, and then automatically (...) (22 years ago, 12-Apr-02, to lugnet.lego.direct)
| | | Re: $2,137.00
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| (...) Frank explained the mechanics, as for the motivation I speculate he was trying to outbid the current high bidder but by just a little. That's a sign of indecisiveness, inexperience, or possibly bid shielding. Hope that helps. FUT market.theory (...) (22 years ago, 13-Apr-02, to lugnet.lego.direct, lugnet.market.theory)
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Message is in Reply To:
| | $2,137.00
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| I am amazed at this price.... (URL) I love capitalism.... -- Drew Croke Proprietor, Lugged Mountain Outfitters (URL) (22 years ago, 12-Apr-02, to lugnet.lego.direct)
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