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 18:25:48 GMT
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Viewed:
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1773 times
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In lugnet.market.theory, Eric Joslin writes:
> > 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
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 the auction hasn't ended yet, then you are the high bidder and will
be required to buy it. At least that's how I see it.
-Adam
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Message has 2 Replies:
 | | Re: Bid retractions (was Re: eBay dead again)
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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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Message is in Reply To:
| | Re: Bid retractions (was Re: eBay dead again)
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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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