 | | Re: Proxy ratcheting: How do auction systems work?
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(...) Not to split hairs, here, because now that I'm reassured that AucZILLA works the way it does, I like the way it works... but isn't "correct" a bit of a stretch? I'd say an auction system is working "correctly" if the rules it claims to (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Any indications that AucZILLA doesn't work correctly have been incorrect. (...) What do you mean by "this way" and by "that sort of algorithm"? By "computationally inefficient" do you mean 1/1000 second versus 1/10000 second to process a bid? (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Update 4/19/99 pm: Pirate Auction - correction
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Hello all, Well, I goofed. Osvaldo's bid on 725 is actually $35. I'm sorry if this confused anyone. Current bids: 725 Osvaldo Fernandez $35 Going once 6289 Alex Eulen $100 Sold 6289 Otis Anderson $100 Sold 6289 Frank Filz $110 Sold 6263 Frank Filz (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Auction: Model Team/Technics/Town
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I've decided to take the plunge - unbelievably though it may sound, I actually appear to have more Lego than I want at the moment - so it's time to auction some off. I'm offering the following 5591 MODEL TEAM Mach II Red Bird Rig bids opening at $50 (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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Apart from a few replies that have indicated AUCZilla and possibly others don't work, this way, I'd be surprised if any bidding software actually used that sort of algorithm to calculate the new bid, simply because it's such a computationally (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Yes, of course. (...) That's broken. --Todd (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Here's a couple items from eBay's FAQ for bidders that should clear up how eBay proxy bidding works. The second one clears up scenario 3. Rob ----- Excerpted from: (URL) I bid against myself, and yet the bid increased. Why? A. Normally a (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) SCENARIO 3 Bidder A bids $100, with a proxy max of $150. Bidder B bids $150.01, bid type is irrelevant. Outcome: B is High bidder with $150.01, and increment is ignored. A has no first bid benefit - a trade-off for the benefit in scenarios 1 (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Update 4/19/99 pm: Pirate Auction - New Item added (Basic Building Set 725)
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Hello all, Well, this is the end for the most part, congratulations to those that won. I will be sending out individualized e-mails tomorrow to each person detailing what they won. Current bids: 725 Osvaldo Fernandez $30 Going once 6289 Alex Eulen (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) What is the outcome of each of these scenarios?... SCENARIO 4A Time Time Page Loaded Bid Posted Bidder Bid Proxy Max ===...=== ===...=== ====== ======= ===...=== 12:14:33 12:15:07 A $100.00 $150.00 12:23:11 12:23:19 B $150.00 n/a 12:23:14 (...) (25 years ago, 20-Apr-99, to lugnet.market.auction)
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| | 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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