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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Thu, 23 Mar 2000 06:13:08 GMT
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Viewed:
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1500 times
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Let me tell all of you about retractions...Very interesting thing that
occured to me on Tues. Now the guy who retracted (2x mind you!) is
bidding on ANOTHER large lego lot...
Be wary of this guy, good feedback or not. When he retracts because
his wife is having pregnancy problems and can't pay $4000
but then turns around and bids $2200+...sounds fishy to me.
Anyway, I have an AWESOME lego lot to pick up this weekend in Vancouver,
and will LYK what's exactly in it! Woo hoo!!
Sorry, just ranting and venting about irresponsible bidders...
Carrie
**wanting all men to stay 6' away right now**
In lugnet.market.auction, Frank Filz writes:
> Mike Poindexter wrote:
> >
> > Christopher Lindsey <lindsey@nospam.mallorn.com> wrote in message
> > news:38D90CA0.5B2ABF2F@nospam.mallorn.com...
> > > Adam Hoekwater wrote:
> > >
> > > > 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.
> > >
> > > 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 point.
> > >
> > > Ouch! I feel for you on this...
> > >
> > > Chris
> >
> > Maybe you don't even catch the barb on hook... you can't leave the retractor
> > feedback because you do not complete a transaction!
> >
> > Another thing is that if an item is $50 and then jumps to $150, people who
> > would have bid anywhere between $50 and $150 don't bid at all, even if they
> > want to be on the bid list in case of a retraction. Then, after the bid is
> > retracted, they have a reduced amount of time to bid. Although I haven't
> > had a "retraction-snipe," it could happen very easily, although it would be
> > pretty hard to hide and if somebody is caught doing it, I am sure it would
> > be grounds for an immediate account suspension. They don't have a term for
> > it yet (like shilling or sniping), so I don't think it has really happened
> > too much.
>
> A similar pricing problem happens if someone fails to come through on
> their win, and the seller offers the item to the next highest bidder.
> The next highest bidder shouldn't necessarily have to pay their bid
> amount, but also shouldn't get the item for just minimum bid over the
> 3rd highest bid.
>
> I hope eBay does something about bid retractions. Ultimately, the
> problem is with the fixed ending time. If there was not a fixed ending
> time, a bid retraction could just be handled as a status change,
> resetting the G1-G2-Sold clock.
>
> The way eBay could handle it is that if there is a bid retraction,
> especially one which makes a significant change in price, the seller has
> the option of re-listing the item, or extending the auction.
>
> Probably eBay should disallow bid retraction, and only allow bid
> cancellation. Then you need to justify to the seller why you want to
> cancel your bid.
>
> --
> Frank Filz
>
> -----------------------------
> Work: mailto:ffilz@us.ibm.com (business only please)
> Home: mailto:ffilz@mindspring.com
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Message has 3 Replies:
 | | Re: Bid retractions (was Re: eBay dead again)
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| (...) hey exitg... i was bidding on this lot as well... and i'm considering the $2200 lot also... i told the seller, and he said he's informed ebay about it... if you go back to the $3200 auction and look at the retractions.. it says something (...) (24 years ago, 23-Mar-00, to lugnet.market.auction)
| | | Re: Bid retractions (was Re: eBay dead again)
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| (...) [...] Well, if this it were me, and I knew this guy as a bid-canceller who had done so on other auctions, at different times (several cancels in a short time period could be due to a real problem he had), then my reaction would be to cancel (...) (24 years ago, 24-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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| (...) A similar pricing problem happens if someone fails to come through on their win, and the seller offers the item to the next highest bidder. The next highest bidder shouldn't necessarily have to pay their bid amount, but also shouldn't get the (...) (24 years ago, 22-Mar-00, to lugnet.market.auction)
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