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 13:38:53 GMT
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Viewed:
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1165 times
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On Thu, 22 Apr 1999 02:17:45 GMT, "Derick Bulkley"
<dbulkley@SeriousCollector.com> wrote:
> In lugnet.market.auction, Steve Bliss writes:
>
> > Ouch! 15% is extreme for a bid increment. So much for me doing much
> > bidding on that site.
>
> Steve,
> The Serious Collector allows the selling Member to pick the indrement: 5% 10%
> or 15% - it is not fixed at X%.
>
> The selling Member thus controls the speed of the auction, or rather s/he
> manages how quickly a lot reaches its "ideal" price.
That's great! Thanks for pointing this out.
Steve
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Message has 1 Reply:
 | | Re: Proxy ratcheting: How do auction systems work?
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| (...) That is good to know. So the sellers can shoot themselves in the foot if they're selling high dollar items or they can be smart, but the system doesn't force them to do one thing or the other. I still think making buyers happy is as important (...) (26 years ago, 25-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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| (...) Steve, The Serious Collector allows the selling Member to pick the indrement: 5% 10% or 15% - it is not fixed at X%. The selling Member thus controls the speed of the auction, or rather s/he manages how quickly a lot reaches its "ideal" price. (...) (26 years ago, 22-Apr-99, to lugnet.market.auction)
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