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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Sun, 25 Apr 1999 16:25:27 GMT
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Reply-To:
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cjc@newsguy.com(saynotospam)
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Viewed:
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926 times
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Tom Stangl <toms@netscape.com> wrote:
> 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.
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 dime back and forth that goes
on during the early stages of the auction. So I'll make a note to
check back on them when things settle down, then reevaluate whether or
not they are still in my price range. If they are, I bid. If they
aren't, I don't, and I feel better because I didn't waste my time
bidding against someone who wanted them more than me.
Surely you're not attributing some kind of nefarious intent to people
who do that and (inadvertantly) trash a private deal between two other
people?
--
Lego Shop at Home: 800-835-4386 (USA) / 800-267-5346 (Canada)
www.lugnet.com/news/ - A great new resource for LEGO fans worldwide
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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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