Subject:
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Re: eBay oddity
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Newsgroups:
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lugnet.market.theory
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Date:
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Fri, 4 Apr 2003 00:04:59 GMT
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Viewed:
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1356 times
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In lugnet.market.theory, Richie Dulin writes:
> Can anyone explain the advantage of this system to the seller or eBay?
>
> (I'm not complaining, just interested.)
It merely is. That's eBay: they can't figure out that on a dutch auction
(which is what I presume this is) that if you get completely outbid on all
items on a per unit bid, you may wish to up your bid but bid on fewer units.
Is it advantageous to the seller? Of course not. You could bid $201 for 3
units, or you could start a second account and bid anew.
Bruce
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Message has 1 Reply:
 | | Re: eBay oddity
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| (...) Or (and I've only just figured this out) I could put in a bid for four items knowing that it's impossible to win more than two (based on the existing higher bids). Of course, I could get stuck if the high bidders withdraw... But to maintain my (...) (21 years ago, 4-Apr-03, to lugnet.market.theory)
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Message is in Reply To:
| | eBay oddity
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| I've been interested on an auction on ebay for multiple items, and am a bit puzzled by the way it works. I put in a bid for 4 items at (say) $50 each. $50 is a good price for the sets, and at $50 I'd be happy buying four of them. I watched the (...) (21 years ago, 3-Apr-03, to lugnet.market.theory)
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