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 Marketplace / Auctions / *1369 (-5)
  Re: Proxy ratcheting: How do auction systems work?
 
(...) Hrmmm, I'm coming in late here, so I'll probably say something and find 10 people who say the same thing later in the thread. Sure, the sellers pay the fees. But if the bidding increments are so high that they repeatedly scare off or prevent (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
 
  Re: Proxy ratcheting: How do auction systems work?
 
(...) I have to admit that I have jumped into bidding when items his G2 before, but I never thought of it as sniping. Many times there are lots that I am interested in, but don't really have the time or the inclination to deal with the nickel and (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
 
  Update 4/24/99 pm: Pirate Auction
 
Hello all, Well, That's all folks. Thanks to all who participated. Current bids: 725 Osvaldo Fernandez $40 Sold 6289 Alex Eulen $100 Sold 6289 Otis Anderson $100 Sold 6289 Frank Filz $110 Sold 6263 Frank Filz $22 Sold 6263 Pat Shepard $22 Sold 6263 (...) (26 years ago, 25-Apr-99, to lugnet.market.auction)
 
  Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
 
I understand why sellers like reserves, but as a buyer (1) I'd prefer that they were banned, limited, or cost the seller a lot of money to do. If the listing fee is 50 cents, charge 20% of the reserve whether the item sells or not. Plus 5 bucks to (...) (26 years ago, 25-Apr-99, to lugnet.market.auction)
 
  Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
 
(...) Definitely 4. 2 and 3 make no sense whatsoever -- reserves don't work unless they are secret. 1 just sucks, as has been described in this thread already. Steve (26 years ago, 24-Apr-99, to lugnet.market.auction)


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