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Subject:	autoFAQpost /market/auction/preparation/03_whatis_auctionbot.en.faq
Newsgroups:	lugnet.faq
Date:	Mon, 12 Jul 1999 23:17:57 GMT
Viewed:	1087 times

Subject: What the heck is an "auctionbot"? Topic-Level: 1 Content-Language: en Topic-Level: 0 Revision: Todd Lehman, 1996-01-08 Location: /market/auction/preparation/ That's a great question. Here is a short lexicon of auction jargon: <DL> <A NAME="auction_n"> <DT> auction <DD>n. A forum for selling a set of objects each to the highest <A HREF="#bidder_n">bidder</A>. <A NAME="auctionbot_n"> <DT> auctionbot <DD>n. A software agent (typically running under UNIX) which accepts <A HREF="#bid_n">bids</A>, usually via Internet e-mail, and sends out <A HREF="#update_n">updates</A>, usually via Internet e-mail. <A NAME="auctioneer_n"> <DT> auctioneer <DD>n. One who conducts an <A HREF="#auction_n">auction</A>; one who sells <A HREF="#item_n">items</A> and solicits <A HREF="#bid_n">bids</A>. <A NAME="AucZILLA_n"> <DT> AucZILLA <DD>n. 1. The largest LEGO® <A HREF="#auction_n">auction</A> ever. 2. The name of the software used in the AucZILLA <A HREF="#auction_n">auction</A>. <A NAME="bid_n"> <DT> bid <DD>n. An offer from a particular <A HREF="#bidder_n">bidder</A> with an intent to buy a given <A HREF="#item_n">item</A> for a given price. <A NAME="bid_v"> <DT> bid <DD>v. To <A HREF="#submit_vt">submit</A> a <A HREF="#bid_n">bid</A>. <A NAME="bidder_n"> <DT> bidder <DD>n. An active participant in an <A HREF="#auction_n">auction</A>; one who submits <A HREF="#bid_n">bids</A>. <A NAME="biddingwar_n"> <DT> bidding war <DD>n. A situation in which two or more <A HREF="#bidder_n">bidders</A> are engaged in a staggering competition for a particular <A HREF="#item_n">item</A> or set of <A HREF="#item_n">items</A>. <A NAME="blowoutbid_n"> <DT> blowout bid <DD>n. A pricepoint on a given <A HREF="#item_n">item</A> at which, if a <A HREF="#bid_n">bid</A> is <A HREF="#submit_vt">submitted</A>, the <A HREF="#item_n">item</A> is immediately marked <A HREF="#sold_adj">sold</A> to the <A HREF="#bidder_n">bidder</A> <A HREF="#submit_vt">submitting</A> the <A HREF="#blowoutbid_n">blowout bid</A>. <A NAME="bump_vt"> <DT> bump [a bidder] <DD>v.t. To oust another <A HREF="#bidder_n">bidder</A> from his position by <A HREF="#overturn_vt">overturning</A> his <A HREF="#bid_n">bid</A>. <A NAME="drivebyauction_n"> <DT> drive-by auction <DD>n. An <A HREF="#auction_n">auction</A> held by someone who is neither a regular contributor to the newsgroup nor a lurker. <A NAME="goingonce_adj"> <DT> going once <DD>adj. 1. First solicitation by the <A HREF="#auctioneer_n">auctioneer</A> for a higher <A HREF="#bid_n">bid</A>. 2. An <A HREF="#item_n">item</A> with an immature <A HREF="#bid_n">bid</A>. <A NAME="goingtwice_adj"> <DT> going twice <DD>adj. 1. Second solicitation by the <A HREF="#auctioneer_n">auctioneer</A> for a higher <A HREF="#bid_n">bid</A>. 2. An <A HREF="#item_n">item</A> with a mature <A HREF="#bid_n">bid</A>. 3. Last call for higher <A HREF="#bid_n">bids</A> on a given <A HREF="#item_n">item</A>. <A NAME="highbid_n"> <DT> high bid <DD>n. 1. The highest <A HREF="#bid_n">bid</A> submitted for a given <A HREF="#item_n">item</A>. 2. A tentative association between an <A HREF="#item_n">item</A> and a <A HREF="#bidder_n">bidder</A>. <A NAME="highbidder_n"> <DT> high bidder <DD>n. The <A HREF="#bidder_n">bidder</A> with the <A HREF="#highbid_n">high bid</A> on a given <A HREF="#item_n">item</A>. <A NAME="item_n"> <DT> item <DD>n. An object or set of objects for sale in an <A HREF="#auction_n">auction</A> upon which <A HREF="#bid_n">bids</A> are <A HREF="#submit_vt">submitted</A>. <A NAME="lot_n"> <DT> lot <DD>n. Same as <A HREF="#item_n">item</A>. <A NAME="mailingilst_n"> <DT> mailing list <DD>n. A collection of <A HREF="#bidder_n">bidder</A>, organized by e-mail address, to which periodic <A HREF="#update_n">updates</A> are sent by the <A HREF="#auctioneer_n">auctioneer</A> or <A HREF="#auctionbot_n">auctionbot</A>. <A NAME="minimumbid_n"> <DT> minimum bid <DD>n. Same as <A HREF="#openingbid_n">opening bid</A>. <A NAME="minimumbidincrement_n"> <DT> minimum bid increment <DD>n. The minimum additional monetary amount required to register a newer, higher <A HREF="#bid_n">bid</A>. In some <A HREF="#auction_n">auctions</A> this is a fixed amount, in others it depends on the current <A HREF="#highbid_n">high bid</A>. <A NAME="minimumraise_n"> <DT> minimum raise <DD>n. Same as <A HREF="#minimumbidincrement_n">minimum bid increment</A>. <A NAME="observationlist_n"> <DT> observation list <DD>n. A <A HREF="#bidder_n">bidder</A>-specific list of <A HREF="#item_n">items</A> which appear in periodic or aperiodic <A HREF="#update_n">updates</A> sent by the <A HREF="#auctioneer_n">auctioneer</A> and which the <A HREF="#bidder_n">bidder</A> is presumably interested in obtaining. <A NAME="oncetwicesold_n"> <DT> once, twice, sold <DD>n. A type of <A HREF="#auction_n">auction</A> in which <A HREF="#bid_n">bid</A> ages are attached to <A HREF="#item_n">items</A>. See <A HREF="#goingonce_adj">going once</A>, <A HREF="#goingtwice_adj">going twice</A>, and <A HREF="#sold_adj">sold</A>. <A NAME="open_adj"> <DT> open <DD>adj. An <A HREF="#item_n">item</A> which has not yet received a <A HREF="#bid_n">bid</A>. <A NAME="open_vt"> <DT> open [bidding] <DD>v.t. To <A HREF="#submit_vt">submit</A> an <A HREF="#openingbid_n">opening bid</A> on an <A HREF="#item_n">item</A>. <A NAME="openingannouncement_n"> <DT> opening announcement <DD>n. A general announcement of an <A HREF="#auction_n">auction</A> to the newsgroup, giving rules and/or listing <A HREF="#item_n">items</A> for sale. <A NAME="openingbid_n"> <DT> opening bid <DD>n. The minimum price at which a given <A HREF="#item_n">item</A> will sell; the minimum acceptable <A HREF="#bid_n">bid</A>. <A NAME="overturn_vt"> <DT> overturn [a bid] <DD>v.t. To raise a <A HREF="#bid_n">bid</A>. See also <A HREF="#bump_vt">bump</A>. <A NAME="pending_adj"> <DT> pending <DD>adj. A <A HREF="#highbid_n">high bid</A> that is not yet <A HREF="#sold_adj">sold</A>; a bid that is <A HREF="#standing_adj">standing</A>, <A HREF="#goingonce_adj">going once</A>, or <A HREF="#goingtwice_adj">going twice</A>. <A NAME="pseudonym_n"> <DT> pseudonym <DD>n. A short nickname or unique handle used in place of a real name when a <A HREF="#bidder_n">bidder</A> wishes anonymity. <A NAME="quicksaleprice_n"> <DT> quick-sale price <DD>n. Same as <A HREF="#blowoutbid_n">blowout bid</A>. <A NAME="raise_vt"> <DT> raise [a bid] <DD>v.t. Same as <A HREF="#overturn_vt">overturn</A>. <A NAME="rectoyslegomarketplace_n"> <DT> rec.toys.lego.marketplace <DD>n. A USENET newsgroup which does not yet exist but which will inevitably be created to support and nurture the ever- growing bandwidth of LEGO® auctions, trading posts, and other LEGO® transactions now clogging rec.toys.lego and hindering wholesome and productive discussions centered around design and play. <A NAME="sold_adj"> <DT> sold <DD>adj. Within the context of an <A HREF="#auction_n">auction</A>, a permanent association between an <A HREF="#item_n">item</A> and a <A HREF="#bidder_n">bidder</A>. <A NAME="splashpage_n"> <DT> splash page <DD>n. The first screenful of information people see when they read the newsgroup and encounter your <A HREF="#openingannouncement_n">opening announcement</A>. <A NAME="standingbid_n"> <DT> standing bid <DD>n. A <A HREF="#bid_n">bid</A> which has been neither challenged nor solicited for higher bids; the new <A HREF="#highbid_n">high bid</A>. <A NAME="state_n"> <DT> state <DD>n. The maturity of a <A HREF="#bid_n">bid</A> on an <A HREF="#item_n">item</A>, either <A HREF="#open_adj">open</A>, <A HREF="#standingbid_adj">standing</A>, <A HREF="#goingonce_adj">going once</A>, <A HREF="#goingtwice_adj">going twice</A>, or <A HREF="#sold_adj">sold</A>. <A NAME="submit_vt"> <DT> submit [a bid] <DD>vt. To cause a <A HREF="#bid_n">bid</A> to be sent from a <A HREF="#bidder_n">bidder</A> to an <A HREF="#auctioneer_n">auctioneer</A> or <A HREF="#auctionbot_n">auctionbot</A>, usually via e-mail. <A NAME="teaser_n"> <DT> teaser <DD>n. A sneak preview of an <A HREF="#auction_n">auction</A> posted to the newsgroup before the real announcement. <A NAME="up_vt"> <DT> up [a bid] <DD>v.t. Same as <A HREF="#overturn_vt">overturn</A>. <A NAME="update_n"> <DT> update <DD>n. 1. An instantaneous snapshot of some or all of the <A HREF="#item_n">items</A> in an <A HREF="#auction_n">auction</A>, listing for each <A HREF="#item_n">item</A> the <A HREF="#highbid_n">high bid</A> and the <A HREF="#highbidder_n">high bidder</A>, usually in an easy-to-read tabular form. 2. An e-mail message or newsgroup posting containing the partial or entire status of the <A HREF="#auction_n">auction</A>. <A NAME="watchlist_n"> <DT> watch list <DD>n. Same as <A HREF="#observationlist_n">observation list</A>. </DL>

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