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 23:06:43 GMT
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Viewed:
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793 times
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In lugnet.market.auction, galliard@shades-of-night.com (James Brown) writes:
> > Am I all wet? Does AucZILLA work this way? Do other auction systems? Do
> > any work the other way? (that is, when a new bid comes in, the current
> > proxy bid is first raised to the new bid level, if possible, to see if
> > it was there "first")
>
> I think AucZILLA works differently (but I can't recall for certain - that's
> Todd's baby)
AucZILLA works the correct way.
> 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 lose, I get outbid by the standard
> incriment, but every so often when I place a bid, I will get a 'you have
> been outbid for this item, the current bid is now n' where n is the amount
> I bid, and the current bidder is the person I was attempting to outbid.
>
> I can't recall for certain, but I'm fairly certain that I've seen updates
> like this in aucZILLA:
> 7 Blue Fibble-worbits 2.90 Me ---> Some other guy
> 7 Blue Fibble-worbits 3.00 Some other guy ---> Me
> 7 Blue Fibble-worbits 3.10 Me ---> Some other guy
> 7 Blue Fibble-worbits 3.10 Some other guy ---> Me
>
> This implies, to my limited understanding, that we both proxied $3.10 on
> the lot, but because I had it in first, the auction gives it back to me,
> even though the price doesn't increment.
Yup, that's correct.
--Todd
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Message is in Reply To:
 | | 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 (...) (26 years ago, 19-Apr-99, to lugnet.market.auction)
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