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 23:03:54 GMT
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Viewed:
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1155 times
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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
you can civilly work it out so the bidding stops and you BOTH don't spend unneeded
money.
I've done that a few times before.
Of course, it all falls apart when some sniper comes in and bids on them every time
they hit G2 (so YES, you can snipe open-ended auctions, simply by dragging them on
needlessly long), pushing one or both people out of their price range. This type
of sniping, after you finally worked out a mutual solution, REALLY sucks, because
in one case, if we had worked out the solution earlier, the lots would have gone
sold before bidder #3 even entered the auction. I lost out, because I DO have
limits on the idiocy of prices for ANY Lego part out there.
Steve Bliss wrote:
> 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
--
| Tom Stangl, Technical Support Netscape Communications Corp |
| Please do not associate my personal views with my employer |
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Message has 4 Replies:
 | | Re: Proxy ratcheting: How do auction systems work?
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| Tom Stangl wrote in message <371FAADA.E4CD7369@n...pe.com>... :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 (...) (26 years ago, 23-Apr-99, to lugnet.market.auction)
| | | Re: Proxy ratcheting: How do auction systems work?
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| (...) That's not sniping, that's just bidding. Arrangements are nice, but they have to run with the acknowledgement that other people might bid on the lots in question. It still sucks to be you in that case. Steve "You keep using that word. I do not (...) (26 years ago, 23-Apr-99, to lugnet.market.auction)
| | | Re: Proxy ratcheting: How do auction systems work?
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| (...) I have to admit that I have jumped into bidding when items his G2 before, but I never thought of it as sniping. Many times there are lots that I am interested in, but don't really have the time or the inclination to deal with the nickel and (...) (26 years ago, 25-Apr-99, to lugnet.market.auction)
| | | Re: Proxy ratcheting: How do auction systems work?
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| No, I just talking about the case where someone comes in after the bids have settled for a while, and bids on them at G2. You outbid them, they wait for G2, and bid again. You outbid them, they wait for G2 (lather, rinse, repeat)..... Get the idea? (...) (26 years ago, 25-Apr-99, to lugnet.market.auction)
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