 | | Re: [DISC] Shortcircuit eBay?
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(...) <snip> If he was willing to pay 50$ more wy didn't he put his proxy 50$ more in the first place? By snipping at the end of an auction give you the chance of winning the bid for lest money. Bidder A put a bid of 50$ with proxy of 100$ 3 day (...) (25 years ago, 27-Apr-99, to lugnet.market.auction)
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| | Re: [DISC] Shortcircuit eBay?
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Whoa, hold on there, pardner! I don't know if I'd equate the two! You could just shoot someone who drives like that;-) As far as sniping goes, I have come in late on occasion and put in last minute bids but the difference was that, sometimes, 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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Larry, I think you already pointed this out - I had mentioned to Todd (in (...) Ouch. Chris, you are obscure! And *I* thought it was Jude;-) Check out (URL) (...) (25 years ago, 27-Apr-99, to lugnet.market.auction)
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| | Re: [DISC] Shortcircuit eBay?
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(...) Yes, but worse. But we digress. (25 years ago, 27-Apr-99, to lugnet.market.auction)
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| | Re: [DISC] Shortcircuit eBay?
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(...) Was this on your mondo set of lots that all ended at the same time? Guess that it didn't prevent sniping (of one lot) after all. Bummer. my condolences to the snipee. Another idea along these lines is to announce in the setup that any and all (...) (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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(...) Right. Derick had described the rules and we came up with a theoretical example. This is a real one that impacts me and I'm not too thrilled about it. - I had mentioned to Todd (in (...) That's not a bad system either. (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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Hmm, interesting theory. I bet it doesn't work that way, though. If the gap between the current bid and the top of the proxy is large enough, and a hard bid (or proxy bid with the right top value) is submitted, my overbid can be pushed to an amount (...) (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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Mookie wrote in message <3725365E.E07AA303@e...pc.com>... <snip> (...) this group), that people should only be able to bid by the increments, as a way to eliminate this. I did see this implemented on an obscure auction, where instead of typing the (...) (25 years ago, 27-Apr-99, to lugnet.market.auction)
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| | Re: [DISC] Shortcircuit eBay?
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Hi Lego auction enthusiasts, I want to give this idea below some consideration. I had an auction end last night where the bidder who had the high bid for five days was outbid with forty seconds remaining. Needless to say, he was upset, and said he (...) (25 years ago, 27-Apr-99, to lugnet.market.auction)
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| | Bryan Shirley and James Steele please contact me NOW about nonpayment/noncontact
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Bryan and James, I have sent many Dacta auction updates, and several requests for your shipping addresses. No mail has come back returned, so you must be getting it. Please contact me NOW about payment for winnings in my auction. (25 years ago, 27-Apr-99, to lugnet.market.auction)
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| | 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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