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 21:14:38 GMT
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Viewed:
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1873 times
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In lugnet.market.theory, Frank Filz writes:
> > BTW, if I understand what people are saying about eBay, if you do get stuck
> > with one of your old bids that got reinstated at the end because some other
> > bloke reneged at the end, do -can- renege on your bid, yes? You don't go to
> > eBay jail or anything like that, you just get negative feedback or somesuch?
>
> Once the auction is ended, the ONLY binding contract is the high bid. If
> the high bidder reneges, the seller is allowed to contact you, but you
> are under no obligation to accept.
OK, that's fair.
> If the auction has NOT ended, and someone retracts their bid, you are
> mildly screwed. If you notice before the auction ends, you can retract
> your bid, and then, unless someone who cares has a completed auction
> with you that they haven't yet given you feedback for, they can't give
> you negative feedback. If you don't notice until the auction is over,
> you're at the mercy of the seller, and could get negative feedback if
> you don't satisfy them.
Bizarre. So what's to stop someone from creating a one-time foofoo bidding
account on eBay to get themselves out of a mess like that?
--Todd
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Message has 1 Reply:
 | | Re: Bid retractions (was Re: eBay dead again)
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| Todd Lehman wrote in message ... (...) That won't help much, if you notice in time, the only black mark you can get is the fact that you retracted a bid. The danger in creating the fake account is that you are legally tied to it (or you used (...) (24 years ago, 24-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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| (...) Once the auction is ended, the ONLY binding contract is the high bid. If the high bidder reneges, the seller is allowed to contact you, but you are under no obligation to accept. If the auction has NOT ended, and someone retracts their bid, (...) (24 years ago, 23-Mar-00, to lugnet.market.theory)
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