 | | Re: Proxy ratcheting: How do auction systems work?
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(...) No, that was my second statement -- <grin> -- it was posted two minutes after the first one, quoted above. (...) It's especially tricky sometimes to read what's going on when there are multiple identical copies of lots. (...) A keeps it under (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Glen's Assorted Lego Auction - 4/19 Update
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*** All items are now "Going 1". If no new bids are received, the auction will progress ever 2 week days until "Sold". If new bids are recieved, they will progress to "Going 1" after two days of no new bids. Next progression will be on Tuesday (...) (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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(...) Good. (note that this is clearer than your first statement "AucZILLA works the 'correct'<emphasis mine> way" :-) ) I was getting myself into a panic for nothing, I must have been misreading the results I was examining. What about Derick's (...) (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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(...) AucZILLA works the correct way. (...) Yup, that's correct. --Todd (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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(...) In the AucZILLA system, the lot is awarded to A (not B) for 13, because A's bid of 13 came in first. (...) Yes. (...) AucZILLA gives priority to the earlier of two equal bids, regardless of automatic increments. It would go to A for 13, not to (...) (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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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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