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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Tue, 27 Apr 1999 12:09:42 GMT
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Reply-To:
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LPIEN@spamcakeCTP.IWANTNOSPAM.COM
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Viewed:
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821 times
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John DiRienzo wrote:
>
> Mookie wrote in message <3725365E.E07AA303@execpc.com>...
> <snip>
> > Dons flame retardant suit, though doesn't matter, no one listens to me
> > anyway :)
> > Tamy
> > Larry Pieniazek wrote:
> > > Here's a real example of why you should have to beat the top of a proxy
> > > by the min increment.
> > > On serious collector, check out lot A 1382:
> > > http://www.seriouscollector.com/auction/lot.cfm?lotID=A1382
> > > A1382 Lego Dacta Bonanza: Controller, P/S, ISA Card, Lab Kits (2)
> > > maico $55.50 $55.00 $55.00
> > > I bid this with a solid proxy bid of 55.00. Seems to me that if Maico
> > > can beat my bid by 50 cents, I shouldn't have to beat his by 3.00 (after
> > > applying rounding rules against a bump of 5%).
> > > Nothing against Maico, he's bidding under the rules, but I'm still not
> > > happy.
> > > Larry Pieniazek http://my.voyager.net/lar
>
> Larry, I think you already pointed this out
Right. Derick had described the rules and we came up with a theoretical
example. This is a real one that impacts me and I'm not too thrilled
about it.
- I had mentioned to Todd (in
> this group), that people should only be able to bid by the increments, as a
> way to eliminate this. I did see this implemented on an obscure auction,
> where instead of typing the bid, there was a drop down menu with the
> permissible bids up to a certain amount (it allowed for a buyout price,
> too).
That's not a bad system either.
--
Larry Pieniazek http://my.voyager.net/lar
FDIC Know your Customer is wounded, thanks to you, but not dead...
See http://www.defendyourprivacy.com for details
For me: No voyager e-mail please. All snail-mail to Ada, please.
- Posting Binaries to RTL causes flamage... Don't do it, please.
- Stick to the facts when posting about others, please.
- This is a family newsgroup, thanks.
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Message is in Reply To:
 | | Re: Proxy ratcheting: How do auction systems work?
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| Mookie wrote in message <3725365E.E07AA303@e...pc.com>... <snip> (...) this group), that people should only be able to bid by the increments, as a way to eliminate this. I did see this implemented on an obscure auction, where instead of typing the (...) (26 years ago, 27-Apr-99, to lugnet.market.auction)
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