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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Thu, 22 Apr 1999 01:40:18 GMT
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Viewed:
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899 times
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On Wed, 21 Apr 1999 21:11:53 GMT, "James Brown"
<galliard@shades-of-night.com> wrote:
> I recently saved a huge amount of time and effort by using firm bids in MA10.
> Another bidder and I spent about a week dickering back and forth over a lot at
> $.10 and $.15 increments - until the other bidder did a hard bid, jumping the
> price $2.00. I responded in kind, (back and forth a bit) and about 3 weeks of
> bidding war was dealt with in a day and a half.
It also helps to be able to send messages to other bidders. A polite
"there is no way o God's green Earth you are getting XXXXXX away from me"
goes a long way. I've heard of less-polite messages, but I really wouldn't
know about those. Sometimes deals can even be worked out--"leave me alone
on X, and I'll stop bidding on Y".
But a good, strong hard-bid early in the process is very effective.
Steve
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Message has 2 Replies:
 | | Re: Proxy ratcheting: How do auction systems work?
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| Messages also help when a bidder is trying to bid on ALL lots of a piece, you only want ONE, and after the bids get ridiculously high, you find out it's because he needs "all the lots minus X pieces from the last lot", you only need X or less, so (...) (25 years ago, 22-Apr-99, to lugnet.market.auction)
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Message is in Reply To:
| | Re: Proxy ratcheting: How do auction systems work?
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| (...) I don't know about other people, but I tend to go into an auction (more often a parts auction than an auction server, but the principle still applies) with two things. A maximum budget, and a list of things I want. so if I'm looking at A and (...) (25 years ago, 21-Apr-99, to lugnet.market.auction)
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