 | | Re: Proxy ratcheting: How do auction systems work?
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Larry, We pulled our hair out over this one too. In an attempt to be fair - in an environment that allows both firm and proxy bids - we arrived at the following, which acts in favor of the existing high bidder in 2 of 3 cases:: Starting bid $100. (...) (25 years ago, 19-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) I think AucZILLA works differently (but I can't recall for certain - that's Todd's baby) I know e-bay does it differently(1), which implies, at least, that Everyauction and similar servers would follow suit. I know that on most e-bay bids I (...) (25 years ago, 19-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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I don't know how AucZILLA works- but a lot of commercial auction sites claim to have taken this into account and claim that the earlier bid would win. When describing proxy bidding, sites like ebay state: "Also, in case of a tie for high bidder, (...) (25 years ago, 19-Apr-99, to lugnet.market.auction)
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| | Proxy ratcheting: How do auction systems work?
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I (as well as all other participants) got a note from Ian Bishop in early March about a proxy quandary that had arisen. Seems he had a bidder that had bid 285 (a winning bid at the time) with proxy cap of 300. Someone else subsequently bid 300. Ian (...) (25 years ago, 19-Apr-99, to lugnet.market.auction)
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| | HUGE Auction, Train, Technic, Town and Pirates!
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Hello fellow Lego fans, So I can buy more Castle sets, I have decided to auction more great Lego sets! Please let me know if you have Castle sets for trade or sale! I have over thirty sets on eBay from the Trains, Pirates, Technic and Town themes! (...) (25 years ago, 19-Apr-99, to lugnet.market.auction)
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