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 18:37:02 GMT
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Viewed:
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1961 times
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In lugnet.market.theory, Adam Hoekwater writes:
> In lugnet.market.theory, Eric Joslin writes:
> > 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.
>
> 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.
Winner. If the winner retracts his bid. After the auction is closed. There
isn't a winner until the auction is closed.
eric
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Message has 3 Replies:
 | | Re: Bid retractions (was Re: eBay dead again)
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| Hmmm... I don't like this whole bid retraction thing.... It also means that the seller could pull one over on the buyer if he has two extra throw-away Ebay accounts, and unless I check the bidding history I'd never know it... Scenario: 1. I bid on (...) (25 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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| (...) 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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