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 Marketplace / Auctions / 1296
    Re: Proxy ratcheting: How do auction systems work? —Mark Parker
   (...) 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)
   
        Re: Proxy ratcheting: How do auction systems work? —Todd Lehman
   (...) 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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