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 23:26:32 GMT
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Viewed:
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1185 times
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>
> I disagreed with the particular defense you had used for allowing firm
> bids in a proxy system. I only lightly touched upon this asinine logic when
> I stated that I disagreed with your "basis". For the record, I do not see
> large bid jumps as dishonest, only disheartening for this auction
> buyer/seller, who will likely use an auction that does not have that feature
> (that avoids trickery!) enabled (but not necessarily). I am sure you have
> other reasons (others have already posted some good ones) to allow firm bids
> in a proxy environment, but the defense you chose to use definitely deserved
> the argument that it received, and probably more, which it just received.
> In other posts, I have seen some valid arguments that answered my question
> (what is the use/need for firm bids in proxy auctions). For further
> clarity, I also stated that as a seller I don't like firm bids, and that we
> can drop this because some auctions will allow firm bids, and some won't, in
> the line below.
You can't eliminate Firm Bids, PERIOD. If I wanted a firm bid of X in an
auction that didn't allow them, I'd bid a Proxy of X-minincr and X. That's a
waste of bidder's time, is it not?
I personally use Ebay (and of course at least half of the RTL auctions out
there), but I rarely like Ebay. I only bid on stuff there if it isn't available
elsewhere (which is often the case) and the price hasn't gone insane (which is
RARELY the case). Fixed time auctions SUCK. I lost out on a lot yesterday
because my system was down for about 30min, which included the end time.
--
| Tom Stangl, Technical Support Netscape Communications Corp |
| Please do not associate my personal views with my employer |
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Message is in Reply To:
 | | Re: Proxy ratcheting: How do auction systems work?
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| Todd Lehman wrote in message ... (...) unable (...) as (...) to (...) I don't know if eBay spends ANY time policing their system. I am sure they do, but its not evident. The feedback thing seems to be the main thing thats used. And if you fail to (...) (26 years ago, 22-Apr-99, to lugnet.market.auction)
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