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 18:13:44 GMT
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Viewed:
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1908 times
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In lugnet.market.theory, Jennifer L. Boger writes:
> > 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...
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 not necessarily.
On the other hand, you also don't get the right of first refusal, either.
eric
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Message has 2 Replies:
 | | Re: Bid retractions (was Re: eBay dead again)
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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 (...) (25 years ago, 23-Mar-00, to lugnet.market.theory)
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