 | | Re: Bid retractions (was Re: eBay dead again) —Carrie Whitcher
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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 (...) (24 years ago, 23-Mar-00, to lugnet.market.auction)
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| | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | (...) I think people should have to pay a 10% penalty (10% of their bid) in order to retract a bid. And on small amounts, the higher of 10% or $10. --Todd (24 years ago, 23-Mar-00, to lugnet.market.auction)
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| | | | | | | Re: Bid retractions (was Re: eBay dead again) —Carrie Whitcher
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| | | | | | | (...) That's a great idea Todd, get 'em where it hurts, right in the pocketbook. I really wanted that lot to begin with so I didn't mind buying it but (24 years ago, 23-Mar-00, to lugnet.market.auction)
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| | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | (...) What about missing decimal point bids? I did that once by accident. How do you assess the 10% penalty (against the actual bid or the proxy - if by the proxy, retractinc a misplaced decimal bid would cost you 10 times the max you expected to (...) (24 years ago, 23-Mar-00, to lugnet.market.auction)
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| | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Scott Arthur
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| | | | | | | <snipped> (...) I think making bid retraction a habit is bad. However, as a seller, I'd rather a bid was retracted than ending up in a non-payment situation. ebay now tracks bid retractions, this guy retracted bids on SIX of my auctions last week (...) (24 years ago, 23-Mar-00, to lugnet.market.auction)
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| | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | (...) Against the actual bid, not the proxy bid. Nobody sees your proxy bid anyway except you the bidder. (...) Oya! any auction system should *always* allow that! (If not through automated means, at least the auctioneer should be able to handle (...) (24 years ago, 23-Mar-00, to lugnet.market.auction, lugnet.market.theory)
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| | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | | (...) Probably should also allow retraction of the actual bid at no penalty if done within, say, 5 minutes or something like that, and if no one else has yet counter-bid with information based on your mis-bid. Probably should also make you go (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | (...) Although that would be annoying to the first person to bid on a Metroliner or some such (which if I was auctioning off, I would start at $1 on eBay, no reason to pay excess listing fee..., yet a serious first bid should be at least $100). (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Dennis Clark
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| | | | | | | | (...) [snip] Ebay already does this. You type in your bid, then you get a revue screen where you see your bid and then have to confirm your intention. I don't see where yet another page would help the process if you already missed it on the (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | (...) My idea was to make the person type in their bid again if it is some multiple (like 10x) above the current bid, not just click an OK button, though even just putting an EXTRA "are you sure" screen, with a differently arranged button, would (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | | | (...) Well, that's what the <BLINK> tag is for. ;-) --Todd (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Ben Roller
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| | | | | | | (...) I recently participated in an auction on eBay where I was outbid by someone who later retracted his bid. I had already outbid him though, so my bid was reset to what it was before I got bumped. I found it odd that my proxy bid was IIRC still (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Jennifer L. Boger
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| | | | | | | | | (...) read your outbid emails.. i believe it says "hey, don't forget, you could still get this item" When I'm outbid, i don't spend the money until that auction's closed... i'd hate to be in a bind because someone retracted... (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Eric Joslin
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| | | | | | | | | | (...) still (...) You aren't considered the "high bidder" if the winner retracts- but the seller does get everyone's bids, and it's natural to assume they might contact a lower bidder to unload the item. In other words, you might get contacted, but (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Adam Hoekwater
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| | | | | | | | | | | (...) Wait, do you mean "if the winner retracts his offer" or "if the current high bidder retracts his bid"? Are we talking about completed auctions now? I think that if you placed the second highest bid, and the highest bidder retracts his bid, and (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Eric Joslin
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| | | | | | | | | | | | | (...) Winner. If the winner retracts his bid. After the auction is closed. There isn't a winner until the auction is closed. eric (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Christopher Lindsey
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| | | | | | | | | | | | | | | Hmmm... I don't like this whole bid retraction thing.... It also means that the seller could pull one over on the buyer if he has two extra throw-away Ebay accounts, and unless I check the bidding history I'd never know it... Scenario: 1. I bid on (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | | | | | | | | | (...) A reason to always pay attention to your auctions, and look at the bidding history if the auction jumps a lot in the last moments. If I'm eagle eying an auction, I'll even capture the current bidders just before the last moment, and then (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | | | | | | | | | | | (...) Wow, that's totally nasty. Great example! Can that sort of thing happen on eBay as it is now, BTW? --Todd (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | | | | | | | | (...) Yep. It's also grounds for closing your account if you get caught. (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Eric Joslin
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| | | | | | | | | | | | | | | | | (...) That's a pretty big if. Especially since someone proving it only means your eBay account getting yanked, as you haven't broken any prosecutable laws (that I can think of). Think of it this way: what if you got two friends to do the other deeds (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | | | | | | | | | | (...) Well, nowadays you need a credit card also, don't know exactly what they check, so I don't know if you can get more than one account without the friends credit card number. However, by doing this, you probably HAVE broken laws. I'm not sure (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Christopher Lindsey
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| | | | | | | | | | | | | | | | | | (...) According to the registration page at Ebay, you don't need a credit card, just an address: (URL) just created a throw-away account ; it only uses my email address for confirmation. Aren't those free email services grand? Chris (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | | | | | | | | | | | (...) So there are probably a lot of dishonest sellers out there doing this and not getting caught...? How does eBay "catch" someone? --Todd (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | | | | | | | | (...) I doubt there's many people doing this. It's not impossible to catch someone. All bid retractions and cancelations are recorded in the bid history for the auction. A user's bid profile shows the number of bid retractions in the past 7 days, (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Adam Hoekwater
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| | | | | | | | | | | | | | | (...) Weird, I didn't know eBay accomodated bid retractions on closed auctions. Seems kind of futile to put in a bid retraction _after_ you've entered a binding contract to buy the item. -Adam (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | | | | | | (...) I think Ben was talking about an auction which hadn't ended. If the auction has ended, the runner up bidders have no obligation, but the seller is permitted to offer the rejected item to them. (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Adam Hoekwater
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| | | | | | | | | | | | | | (...) Okay, I was wondering when and why the subject got changed to closed auctions, since bid retractions can have no effect on them. Thanks Frank. -Adam (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | | | | | | | (...) I would never use any auction system that _required_ me to be held to a bid in such a way. I'd love to have the _option_ to place my bids in such a way, but for that to be the default, no way...that's just yet another formula for anguish among (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | | | | | | | (...) BTW, if I understand what people are saying about eBay, if you do get stuck with one of your old bids that got reinstated at the end because some other bloke reneged at the end, do -can- renege on your bid, yes? You don't go to eBay jail or (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | | | | (...) Once the auction is ended, the ONLY binding contract is the high bid. If the high bidder reneges, the seller is allowed to contact you, but you are under no obligation to accept. If the auction has NOT ended, and someone retracts their bid, (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | | | | | | | (...) OK, that's fair. (...) Bizarre. So what's to stop someone from creating a one-time foofoo bidding account on eBay to get themselves out of a mess like that? --Todd (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | | | | Todd Lehman wrote in message ... (...) That won't help much, if you notice in time, the only black mark you can get is the fact that you retracted a bid. The danger in creating the fake account is that you are legally tied to it (or you used (...) (24 years ago, 24-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | | | | | | | (...) Christopher Lindsey said earlier today that he had "just created a throw-away account"[1] using a free email address and that the registration page at eBay said you don't need a credit card. Are there two types of eBay accounts?? --Todd [1] (...) (24 years ago, 24-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | | | | (...) Hmm, interesting. They were claiming you needed to use a credit card now. So much for that... They are seriously getting to the point of needing a good kick in the pants. They really aren't very friendly (though more friendly to sellers, so (...) (24 years ago, 24-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Christopher Lindsey
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| | | | | | | | | | | | (...) They *do* require a credit card if you try to sell something (so that they can auto-bill you for their share), but not if you're just going to bid... I also wanted to clarify that this throw-away account was created just for testing purposes; (...) (24 years ago, 24-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | | | | | (...) as (...) I thought they had changed it, perhaps it is one of the things to come in 2Q2000 (i.e. real soon now). Frank (24 years ago, 24-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Jennifer L. Boger
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| | | | | | | | | | (...) If they retract while the auction's still open, you are considered the high bidder... (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Jennifer L. Boger
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| | | | | | | | | (...) actually, i happen to just have an outbid notice here, this is what it says: "Of course, your existing bid may be reinstated if this competitor's bid falls through. You can keep an eye on things if there's still plenty time before the auction (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Todd Lehman
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| | | | | | | | (...) That sounds fair to me! I wouldn't want to have proxy-bid $300 and then gone away on a trip and had my proxy bid lowered to $200 because someone reneged on their $250 bid, and then lose out if someone else bids $250 again. (Or would the $300 (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | | | (...) It does seem that that is how eBay works. For me I don't see it being much of a problem, only very rarely am I bidding on duplicates of an item in an attempt to get one of them, and when I do this, unless the items are close in time, I usually (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | | | | Re: Bid retractions (was Re: eBay dead again) —Frank Filz
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| | | | | | (...) I fugured this was the way it would work, just wanted to make sure (and graphically point out why it needs to be against the actual bid, not the proxy). (...) Does AucZilla have an automated way (or is that a future enhancement)? As far as I (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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| | | | | Re: Bid retractions (was Re: eBay dead again) —Jennifer L. Boger
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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)
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| | | | | Re: Bid retractions (was Re: eBay dead again) —Gus Altobello, Jr.
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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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