 | | Re: [DISC] Shortcircuit eBay?
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What is so bad about sniping? I don't think I have ever done it, but I'm not sure I completely understand it. Is it like driving in the left lane that you know is going to be closed in a half mile but you drive that lane anyway and dodge in at the (...) (25 years ago, 27-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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Well in that case I guess you'd have to do some math and make your proxy the amount of percentage it should be in order for them to have to beat you by the percent rate. At least that's what I would do. I think the way it's done now is fair, you (...) (25 years ago, 27-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 real example of why you should have to beat the top of a proxy by the min increment. On serious collector, check out lot A 1382: (URL) Lego Dacta Bonanza: Controller, P/S, ISA Card, Lab Kits (2) maico $55.50 $55.00 $55.00 I bid this with a (...) (25 years ago, 27-Apr-99, to lugnet.market.auction)
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| | Re: [DISC] Shortcircuit eBay?
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(...) What if bidding is perking along at a rate just short of lasting long enough to close down, and you run off the end of the time period? Whoever has it then wins. Back to where you were before. Snipers still can win. (25 years ago, 27-Apr-99, to lugnet.market.auction)
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| | Glen's assorted Lego Auction - 4/26 Update
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*** Many items are now sold. Balance of items will progress every two days until sold if no new bids are received. Next progression will be Wednesday 4/28. Can all winning bidders please notify me if you are finished bidding or want to bid on other (...) (25 years ago, 26-Apr-99, to lugnet.market.auction)
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| | Re: [DISC] Shortcircuit eBay?
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Interesting. Except I'd rather not void an otherwise valid-bid. And I don't care if newcomer enters late in the game. They just have to be able to hold the bid for the X minutes required before I close the auction. Basically, I think the auction (...) (25 years ago, 26-Apr-99, to lugnet.market.auction)
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| | Re: [DISC] Shortcircuit eBay?
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(...) Awesome idea! I think this is better than closing the auction unexpectedly. I did not know eBay allowed that. Might get negative feedback from your sniper, but you can very well reply to it clarifying that you did what you said you would. (25 years ago, 26-Apr-99, to lugnet.market.auction)
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| | Re: [DISC] Shortcircuit eBay?
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Instead, put a note in the auction text that you reserve the right not to honor any bid placed in the last X minutes unless placed by a previous bidder in the same auction. You might also offer the established high-bidder - the person who was in the (...) (25 years ago, 26-Apr-99, to lugnet.market.auction)
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| | lugnet.market.methodology? (was Re: Methodology: Reserve, Controlled Reserve, or No Reserve?)
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(...) There is or recently was a discussion of a lugnet.market.discus...ique/.etc. and then I saw this note with methodology in the subject. I think that .methodology would be perfect for encapsulating the meaning and goals discussed, and also for (...) (25 years ago, 26-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Saw Mike and Larry's posts, and it reminded me to respond to this point: It's actually the buyers who pay the bills. No buyers means no income. Steve (25 years ago, 26-Apr-99, to lugnet.market.auction)
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| | Auction Update: Model Team/Technics/Town
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(...) I had some email problems last week which stopped me posting updates. That also means I'm not sure if I've actually received all the bids - if anyone's sent me any that aren't here, then just send them to me again. Because of this, I will now (...) (25 years ago, 26-Apr-99, to lugnet.market.auction)
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| | Ebay: 7824, 6347, 6984, 6973, others
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I have a few unopened sets up for auction on Ebay: Lego 6347 Monorail Accessory Track MISB auction ends: 04/27 22:26 PDT (URL) 8270 Technic Power Pack from 1991 MISB auction ends: 04/27 22:38 PDT (URL) 6059 Knight's Stronghold from 1990 MISB auction (...) (25 years ago, 26-Apr-99, to lugnet.market.auction)
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| | Lar's hoppers
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(...) No, it was your febrile dream that I was going to drain my supply of orange bricks to build it in orange for you. If you know a source of orange 1x2 technic bricks MAYBE I'd consider it, but otherwise fuggedaboutit. (said in best Woburn MA (...) (25 years ago, 26-Apr-99, to lugnet.market.auction, lugnet.off-topic.fun)
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| | Re: The Gary Louie Memorial Auction
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I have *seen* these hoppers in the donator's car so I'm pretty sure they are a go:-) Personally, I'll bid on Lar's version [1] [1] I think it was the claim that Lar's hopper empties out in under 10 seconds that sold me. If, however, I find that it (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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No, I just talking about the case where someone comes in after the bids have settled for a while, and bids on them at G2. You outbid them, they wait for G2, and bid again. You outbid them, they wait for G2 (lather, rinse, repeat)..... Get the idea? (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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Mike Stanley wrote: <snip> (...) Mike very succinctly said what I intended to say in a much more long winded way. My point exactly. I think percentage bumps are a great option but I would also like to see dollar amounts allowed too. Or even both on (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Re: The Gary Louie Memorial Auction
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We're up to (lucky) 21 lots, with another emotionally significant lot, donated by Russell Clark, a LegoLand Ambassador keychain. (URL) of good deals on lots yet, and the amount of money we're going to raise is VERY impressive. Thanks to all bidders (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Auction: Train sets 4564 and 4555
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Hello! I have one used 4564 Freight Express and one new 4555 Container Depot for auction. Auction starts today. #1 4564 Freight Express (1994) Open #2 4555 Container Depot (1995) Open DESCRIPTIONS: Item #1 4564 Freight Express (1994) Used. No box. (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) That is good to know. So the sellers can shoot themselves in the foot if they're selling high dollar items or they can be smart, but the system doesn't force them to do one thing or the other. I still think making buyers happy is as important (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) 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)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) 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)
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| | Update 4/24/99 pm: Pirate Auction
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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 (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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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 (...) (25 years ago, 25-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) 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 (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) And the potential to make bidders *EXTREMELY* violently angry. Imagine if you lost out on something because your high bid of $110 was $15 less than the secret reserve price, and you held off on bidding on the same item in another auction (...) (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) Yeah, I gotta agree. I understand how the same item can reach 2x the reserve if the bidding starts low and then go unsold if the minimum is the high amount the seller wants, which kinda sucks, but I still don't like reserves, either as a buyer (...) (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) I agree. I personally don't bid on reserve price auctions until the reserve has been met because it is a waste of my time (especially if you cannot make firm bids :-)) -- Owen (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Methodology: Reserve, Controlled Reserve, or No Reserve?
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(...) 4. --Todd (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Methodology: Reserve, Controlled Reserve, or No Reserve?
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Question to all armchair economists/sociologi...theorists: (especially you, Todd ;-) From both the stand point of the buyer, and then the seller, what are your opinions of the following policies regarding secret reserve prices in auctions: 1) (...) (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | Re: HUGE Auction, Train, Technic, Town and Pirates!
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Just a note to thank the many people who have bid thus far on the sets listed below! There are still many apparent bargains. Assuming the following lots sell for reasonable prices, I will be adding more next week. Thanks to all who participate! (...) (25 years ago, 24-Apr-99, to lugnet.market.auction)
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| | 76 Serious Lego Lots for Auction. Mmmm I smell plastic!
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Awesome auction! Multiple sellers! 76 lots and growing! Technic, Town, Trains, Castle, Pirates, paradisa, everything. Click to view or bid: (URL) 6921 Monorail Track Kit (smaller version) Lego Castle 6105 Medieval Knights, Unopened, No Res. Lego (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Auction: Train, Soccer, Town and more. Last lugnet update!
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Hi, Here are train,soccer and other sets for auction: All updates comes on a mailing list, on RTL and lugnet.market.auction, only on fridays. Please send me a private mail, and I will put you on the list. !!!...!!! This Auction will end on April, (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | FA on ebay ends 4/26: 8480 Technic Space Shuttle NIB
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For auction on ebay a sealed 8480 Technic Space Shuttle. go see: (URL) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | (canceled)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Because shipping and shopping are marketplace discussions but not theory or technologies/techniques. A broad name like .market.discuss invites people to talk about everyday things like FOTW's and UPS vs. USPS, both of which have their own (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | [DISC] Shortcircuit eBay?
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I had an idea about how to frustrate snipers on eBay. I don't think I'm the first person to come up with this idea, but it hasn't been discussed much. eBay allows the seller to end the auction early. What if I, as a seller, made a clear announcement (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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Todd Lehman wrote in message ... (...) then (...) final (...) For a Siege Cart?? Wow! Actually thats roughly 66% more, but who's counting. :-) OTOH, if he had bid $50 or $60 from the get go, when the minimum was only $6, its highly likely the (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | New Auction: Model Team 5510 and 5540
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This will be a short and sweet auction of these two Model Team sets. Advancing to begin next Wednesday, April 28th. They will advance every 48 hours, including weekends, so going once on W, twice on F, maybe sold on Sunday, May 2nd. 5510 Off Road (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) I like it: lugnet.market.discuss! (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Yes, but a large measure of the pleasure is a negative pleasure, that of intentionally hurting other people. I'm pretty sure most people who snipe don't think much about it, they're just playing the game by the rules, but there are also plenty (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) I was just going to say that. I think that a lugnet.market.discussion or similar would encompass all the issues that have been presented without misleading in any way. It's not as specific as .theory or .technology which I consider a plus, but (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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I like the idea of lugnet.market.auction.d (discussion) since most of the people must be looking for auctions in this particular group. Todd Lehman wrote in message ... (...) People like options. Right. But people, myself included, can hear of some (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) That's not sniping, that's just bidding. Arrangements are nice, but they have to run with the acknowledgement that other people might bid on the lots in question. It still sucks to be you in that case. Steve "You keep using that word. I do not (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Yes. Should you be bidding in auctions if you haven't organized your life sufficiently to have bought insurance? No, you shouldn't. If you do anyway, and have to welsh because you didn't think things through, you deserve a black mark. Else (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) I like market.theory better than technology for two reasons 1) as Todd said, cut back on people thinking they can buy CD players there... 2) Theory encompasses technology. 3) the Usenet precendent. OK, 3 reasons. That said, I don't think (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Why not lugnet.market.discuss? (or STB lugnet.market.disc? Use appropriate abbreviation here) The topic du jour may be auction philosophies and the best rules to build an auction around, but there are other discussion-type topics which could (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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Todd Lehman wrote in message ... :>Therein lies what I beleive to be the ugliness of timed :> auctions - they discourage bidders from revealing information (how they :> value a given lot) until as late as possible. : :Amen to that! : : :> Don't get (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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Tom Stangl wrote in message <371FAADA.E4CD7369@n...pe.com>... :Messages also help when a bidder is trying to bid on ALL lots of a piece, you only :want ONE, and after the bids get ridiculously high, you find out it's because he :needs "all the lots (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: ng for auction technologies/theory?
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(...) I agree that .theory is too narrow. What about market.techniques? To me that would seem to encompass the theory aspect to a certain extent as well as the use of technology. Anyone can discuss tips on what/where/how/when to buy/sell. I had (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) I think what ultimately hurts an auction site (or any site, for that matter) is not giving people the features they want. How many IRL auctions have you -ever- heard of that -didn't- allow large bid jumps? The kind of jumps that cause the (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) If you dislike the feature that much, then you shouldn't support the feature. But it is a very good feature nonetheless, because it helps your bidders accomplish what they want to accomplish. (...) You won't make anything less harmful for (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | ng for auction technologies/theory?
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(...) Is that a case in favor of .market.theory or in favor of .market.tech? In my mind, ethical issues fit much more closely with what .market.theory means but not so much with what .market.tech* means, so ethics would be a case in favor (...) (25 years ago, 23-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Glen's Assorted Lego Auction - 4/22 Update
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*** Many items are now sold. Balance of items will progress every two days until sold if no new bids are received. Can all winning bidders please notify me if you are finished bidding or want to bid on other items so I can let you know the shipping (...) (25 years ago, 23-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) You can't eliminate Firm Bids, PERIOD. If I wanted a firm bid of X in an auction that didn't allow them, I'd bid a Proxy of X-minincr and X. That's a waste of bidder's time, is it not? I personally use Ebay (and of course at least half of the (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) OOPS - I jsut did a "McDonald" - just kidding TOM (25 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) [snip] (...) Market theory could include algorithms, etc. but my initial reaction is - What makes an auction good, just, fair, well run - it turns into an ethical discussion for me - although that might not be a bad topic for here either. (25 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) [snip] (...) Market theory could include algorithms, etc. but my initial reaction is - What makes an auction good, just, fair, well run - it turns into an ethical discussion for me - although that might not be a bad topic for here either. (25 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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Messages also help when a bidder is trying to bid on ALL lots of a piece, you only want ONE, and after the bids get ridiculously high, you find out it's because he needs "all the lots minus X pieces from the last lot", you only need X or less, so (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Which is the MUCH more likely use. -- | Tom Stangl, Technical Support Netscape Communications Corp | | Please do not associate my personal views with my employer | (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Hey, that's a cool name that might work. Are these analysis/theory threads becoming too much to follow in a primiarly-non-discussion group? Are these discussions noise here? If so, then yes, there should be a separate group for this sort of (...) (25 years ago, 22-Apr-99, to lugnet.market.auction, lugnet.admin.general)
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| | Re: Proxy ratcheting: How do auction systems work?
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Todd Lehman wrote in message ... (...) unable (...) as (...) to (...) I don't know if eBay spends ANY time policing their system. I am sure they do, but its not evident. The feedback thing seems to be the main thing thats used. And if you fail to (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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In lugnet.market.auction, Todd Lehman writes: [snip] (...) From the number of the responses to this and a few other Auction technology threads, maybe we need lugnet.maket.technology group? (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Sure, of course it's more honest if the bidder bows out honorable way. But not everyone is going to do that. If you allow people to renege on their high bid without any penalty or record-blackening, the result over time is many frustrated (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Sanjay's recent Maersk Truck auction is another good example. One early bidder bid $50 when the rest of the trucks were at $35. The $50 truck sold early and the rest ended up going for more than $50. (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) But now you're not talking about having to beat the proxy by the increment, you're talking about bidders being unwilling to go to the next increment level. That's a different problem, and happens in every single auction -- they end when no one (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) But it is possible to bid $10, and see the bid bounce back to the other person at $10. So limiting bids to exact increments won't solve the "revealing the proxy bid" syndrome. I think you were more on track with the approach of raising the (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) That's great! Thanks for pointing this out. Steve (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) can't (...) new (...) address) (...) I would contest that a more reasonable way to get out of the bid is to let the seller know well before the auction ends that the bidder is unable to pay for what he has bid. Then that bid can be canceled. (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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James Brown wrote in message ... (...) the (...) still (...) ebay (...) He did, and so have you. Like the government, everyone complains about it, but I am still glad we have it. I am a tad idealistic myself, but when any system performs its (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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Derick Bulkley wrote in message ... (...) 10% (...) Hey, that's a good thing to know! That large increment was my biggest complaint today regarding SC - if its adjustable, I think that is definitely a step up from any other on-line auction. 15% is (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | FA(eBay): Parts lots (windows, treasure, more)
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12 sets of 4 Lego gold coins (URL) windows (8) and doors (4) (URL) fences, umbrellas and rails (URL) inverted slopes (URL) LARGE and small red plates (URL) grey plates (URL) 1x16 tan bricks (URL) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | FA(eBay): Technic parts, MANY lots
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Many large Technic wheels and tires (URL) rubber tracks with hubs (URL) Cyberslam special pieces (URL) gears including worms and extra-large (URL) bent round-end beams (38) (URL) round-end beams and other Technic parts (URL) Technic plates (URL) (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | FA(eBay): Pirate, Paradisa, ninja stuff
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6263 Imperial Outpost MIB (URL) ninja minifigs and equipment (URL) 6414 Dolphin Point (URL) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | FA(eBay): Wild West sets and parts
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Wild West parts - Brown log walls (12) and 1x4 (62), 1x2 (85) bricks (URL) West minifigs - 5 cowboys, bank guy, weapons (URL) Cavalry minifigs - 1 officer, 2 NCO's, 4 troopers, plus 3 flags, 8 rifles, 1 sword, 1 pistol (URL) horses with saddles (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Steve, The Serious Collector allows the selling Member to pick the indrement: 5% 10% or 15% - it is not fixed at X%. The selling Member thus controls the speed of the auction, or rather s/he manages how quickly a lot reaches its "ideal" price. (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) It also helps to be able to send messages to other bidders. A polite "there is no way o God's green Earth you are getting XXXXXX away from me" goes a long way. I've heard of less-polite messages, but I really wouldn't know about those. (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) But live auctions don't end after the first 5 minutes (or however long) of bidding. They run until the bids stop coming in. That's what the typical online G1/G2/Sold auction does, just at a slower pace. You'd have better luck comparing eBay to (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Ouch! 15% is extreme for a bid increment. So much for me doing much bidding on that site. (...) I would say that overly-large bid increments is a separate problem, but it does help illustrate that no-minimum-increment...-proxy-bid is a Bad (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Point well taken, Larry. What about the seller though? It's the *seller* that pays the bills... If A's proxy bid is $1000, and the increment is 10%, and B submits a bid of $1075, then under the proposed method, A wins, get ratcheted up to (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Someone bids $100 with a proxy max of $500. Now it's climbed to $150 and the bidding is still hot, and the high bidder realizes he doesn't have $500 after all (maybe it was a typo, or maybe he was counting on some money to come in which didn't (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Update 4/21/99 pm: Pirate Auction
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Hello all, Current bids: 725 Osvaldo Fernandez $40 Going once 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 Mark Parker 2 @ $22 Sold Addendum: Just wanted to (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Reserve-price auctions are the most nefarious thing ever invented. --Todd (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) WHOA. Darn Good Point. --Todd (25 years ago, 22-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) That makes perfect sense, yes! And you can always scrounge together another $.50 or $1.00 if you really need to at the last moment. This is why it's so important to have a re-review period. There are two things that hurt the most in auctions: (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Apparently screwed by the other bidder, but actually screwed by the broken auction system. (...) It is correct to blame the auction system. Humans in general will by their nature do whatever they can to work any system to their personal (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) if (...) their (...) any (...) Yes, but, psychologiaclly, this could be detrimental for the bidder, in that people may bid too much, thinking they can always change later. Not having such an option, people must give greater consideration to (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) It can only reward someone for delaying if they knew that you had dropped your bid, which they wouldn't know. Also, consider the case when you raise your proxy max rather than leaving it where it is. --Todd (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Yea, brother! --Todd (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | [Auction] 1977-1984 sets update April 21th 1999
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Advances are on-going. First sets will go to sold in 2 days, unless news bids are received :) Open sets ---...--- Set Name Bid Bidder 210 Cowboys (US set# 198) 5 Rufus G2 214 Road repair 6 Rufus G2 231 Hospital 50 Pat G2 256 Police officers and (...) (25 years ago, 21-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 about other people, but I tend to go into an auction (more often a parts auction than an auction server, but the principle still applies) with two things. A maximum budget, and a list of things I want. so if I'm looking at A and (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Hmm, how so? Can you give an example? (...) I think a byproduct of assigning labels to bid types is confusion about what's really going on. What's really going on in a "proxy bid" is this: You have a bid range -- an ordered pair (x,y), where x (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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In lugnet.market.auction, John DiRienzo writes: <snippage> (...) Todd answered most of your points much more sensibly than I could, but I still want to reply this one. Any system (auction or otherwise) that encourages unfair activity, deserves at (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) I've placed proxy bids which did not meet the seller's reserve. I couldn't figure out an easy way to force my minimum up and in a few cases not met the reserve because no one else came along to bump up my proxy. So I assume that a firm bid (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) increment (...) make (...) Now wait, screwed by who? To blame the auction system is just a way of shifting the blame - you knew before hand when the auction would end and could at any time have raised your proxy, if you were willing to pay (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) It doesn't allow them to withdraw their bid. It allows them to reduce their private maximum. This hurts neither the seller nor the other bidders in any way. (...) A firm bid is a special case of a proxy bid in which the minimum and maximum (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Allowing someone to lower the "secret" part of the bid (the proxy max) is Definitely a Good Thing. If the min/current is $x and the max/proxy is $y, it's important to let the bidder lower $y -- at any time -- to any value (...) This is (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) Really? Consider this scenario that could happen at SeriousCollector You have an item won, sitting at 400, and your max proxy is 500. Someone outbids you with a hard bid of 500.01 (lucky guess on their part) which gets rounded to 500.50 under (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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On Wed, 21 Apr 1999 13:28:47 GMT, "John DiRienzo" <jdiri14897@email.msn.com> wrote: [stuff about eBay, and proxy bidding, and bid increments] About the issue of whether new bids have to beat the proxy by the increment amount, I say this: as long as (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: Proxy ratcheting: How do auction systems work?
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(...) assume it (...) net (...) bid of (...) proxy. (...) proxy (...) For all the condemnation eBay recieves, I still believe it is one of the best systems made. The system described above is not good at all, IMO, if it allows a person to make a (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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| | Re: HUGE Auction, Train, Technic, Town and Pirates!
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Just a note to thank the many people who have bid thus far! The auction is exceeding my expectations at this point, but there are still many apparent bargains. Assuming the following lots sell for reasonable prices, I will be adding more next week. (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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