Subject:
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Re: Question for eBay experts
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Newsgroups:
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lugnet.market.auction
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Date:
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Wed, 19 Apr 2000 17:48:31 GMT
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Viewed:
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2244 times
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In lugnet.market.auction, Dave Oliver writes:
> Right. Your proxy is $50, but no-one else has placed a higher bid than
> $3.50, so you should still be in the lead. Why are you complaining?
> If no-one else bids, you get the item for $3.50!
I remembered (incorrectly, it sounds like) that there once long ago was two
text-entry fields -- one for a hard bid and one for a soft bid. I was
surprised, confused, and horrified to see the first box go away [sic].
> > I read the eBay User Agreement carefully and didn't see anything preventing
> > people from bidding under multiple accounts. And this isn't shilling so
> > it's not bid manipulation. Why have they removed such a useful thing? :-(
>
> Why on earth would you pay more than you had to? I don't understand.
1. Because it's worth far, far more than $3.50. If it sold for $3.50, not
only would the seller be getting a terrible deal, but it would set a bad
precedent for such a rare lot (the lot is something I've never seen for sale
before anywhere). Thus, if it went for a pitifully low amount like $3.50,
anyone who happened to have the same item tucked away in a closet (there must
be other people out there with this item) and happend to see the auction would
have much less incentive to sell theirs.
2. It's also not completely a matter of paying more -- something this rare
surely would have climbed to $50 by the end of the auction anyway (still
several days away). It pains me as a buyer to watch something climb slowly
when it could just as well climb quickly instead.
--Todd
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Message has 2 Replies:
 | | Re: Question for eBay experts
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| If the auction is in the format of "going-1, going-2, sold", a new bid will extend the auction for at least one more day, so you may want to place a high hard bid, to save everybody time. This does not apply to the auctions at ebay, which has a hard (...) (26 years ago, 19-Apr-00, to lugnet.market.auction)
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Message is in Reply To:
| | Re: Question for eBay experts
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| (...) Read the statements they have underneath the bidding box. By entering a bid greater than the current asking price, you automatically make a proxy bid. It's much simpler than 2 boxes, but I've only been on eBay since January. (...) Right. Your (...) (26 years ago, 19-Apr-00, to lugnet.market.auction)
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