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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Fri, 23 Apr 1999 13:26:54 GMT
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Viewed:
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909 times
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On Thu, 22 Apr 1999 23:03:54 GMT, Tom Stangl <toms@netscape.com> wrote:
> 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.
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 think it means what you think it
means."
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Message is in Reply To:
 | | 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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