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Subject: 
Re: Bid retractions (was Re: eBay dead again)
Newsgroups: 
lugnet.market.theory
Date: 
Thu, 23 Mar 2000 18:09:16 GMT
Viewed: 
1778 times
  
On eBay, if someone retracts a bid, is the next highest bidder bound to the
sale?  If so, I could see how someone would say "Oh well, missed out on that
one, I'll go bid over here" and get stuck with two of the same thing.  That
seems unfair to all involved.

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...



Message has 1 Reply:
  Re: Bid retractions (was Re: eBay dead again)
 
(...) 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 (...) (25 years ago, 23-Mar-00, to lugnet.market.theory)

Message is in Reply To:
  Re: Bid retractions (was Re: eBay dead again)
 
(...) 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 (...) (25 years ago, 23-Mar-00, to lugnet.market.theory)

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