Subject:
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Re: Bid retractions (was Re: eBay dead again)
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Newsgroups:
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lugnet.market.theory
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Date:
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Thu, 23 Mar 2000 16:43:09 GMT
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Viewed:
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1813 times
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In lugnet.market.auction, Todd Lehman writes:
> In lugnet.market.auction, Frank Filz writes:
> > 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 pay - ooops, person X just got forced into
> > bankruptcy...).
>
> Against the actual bid, not the proxy bid. Nobody sees your proxy bid anyway
> except you the bidder.
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 through 1 extra confirmation page for every
order of magnitude that you up the bid by. IOW, if the high bid is $7.50 and
you bid $775 (and you meant to bid $7.75), it should make you go through two
"Are you REALLY sure" screens... :)
--Todd
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Message has 1 Reply:
 | | Re: Bid retractions (was Re: eBay dead again)
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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). (...) (25 years ago, 23-Mar-00, to lugnet.market.theory)
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