Subject:
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Re: Bid retractions (was Re: eBay dead again)
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Newsgroups:
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lugnet.market.auction
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Date:
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Wed, 22 Mar 2000 18:02:50 GMT
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Viewed:
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885 times
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In lugnet.market.auction, Christopher Lindsey writes:
>
> I'm trying to understand how things are happening... When someone
> retracts a bid, the high bid should go to the next highest bidder, right?
> Shouldn't that value have been somewhere within $.50 (or whatever the
> bid increment is) from the retracted bid, so you only lose whatever the
> bid increment is?
>
> Chris
No. When the high bid is retracted, the next highest bid will only be $.50 (or
whatever the bid increment is) above the bid BELOW it.
So if I bid $1.50, then you bid $30.00, then someone else bids $31.00 and
retracts it, you only have to beat me with $2.00, so you'll drop back down to
$2.00. I hope this isn't the absolute worst way to explain this... oh well.
-Adam
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Message has 1 Reply:
 | | Re: Bid retractions (was Re: eBay dead again)
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| (...) Ahhh... That's really silly (or at least annoying). I wonder how many people do this to their own benefit -- get one throwaway hotmail account to do the retractions, then use my real account to place the low bid... Or maybe that was your whole (...) (25 years ago, 22-Mar-00, to lugnet.market.auction)
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Message is in Reply To:
| | Re: Bid retractions (was Re: eBay dead again)
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| (...) Hi Mike, I'm trying to understand how things are happening... When someone retracts a bid, the high bid should go to the next highest bidder, right? Shouldn't that value have been somewhere within $.50 (or whatever the bid increment is) from (...) (25 years ago, 22-Mar-00, to lugnet.market.auction)
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