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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Wed, 21 Apr 1999 23:05:27 GMT
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Viewed:
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1202 times
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In lugnet.market.auction, lar@voyager.net (Larry Pieniazek) writes:
> [...]
> The bid increment is 15%. Are you willing to take the item to 575 or
> thereabouts to win it back? Why should you have to spend 75 bucks to top
> them if they only spent 50 cents to top you?
> [...]
Yea, brother!
--Todd
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Message is in Reply To:
 | | 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 (...) (26 years ago, 21-Apr-99, to lugnet.market.auction)
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