Subject:
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Re: Proxy ratcheting: How do auction systems work?
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Newsgroups:
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lugnet.market.auction
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Date:
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Mon, 19 Apr 1999 19:37:09 GMT
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Viewed:
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644 times
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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, earlier bids take precedence.
www.onsale.com also gives precedence to the first bidder.
-- dave
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Message is in Reply To:
 | | 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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