 | | Re: why eBay proxy bidding is broken
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From a seller's standpoint, a proxy bid is not as powerful as a "FIRM" bid. A proxy is better than a minimum bid (with no proxy) though. High Firm Bid -------- | | (proxies in here somewhere) | | -------- Minimum Bid The question is, where should a (...) (25 years ago, 11-Oct-99, to lugnet.market.theory)
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| | Re: why eBay proxy bidding is broken
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(...) Yes. I haven't seen any disagreement on this one, except from e-bay. :/ (...) No. Philosophically, AFAIC, a bid is a bid - proxy or not - and shouldn't be retractable. There is also at least one practical problem with proxy retraction: timing. (...) (25 years ago, 16-Oct-99, to lugnet.market.theory)
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| | Re: why eBay proxy bidding is broken
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(...) I tend to say no. Part of a proxy is the notion of what TIME it was given. If I am at 30, have a proxy for 50 which I then raise to 70, it seems to me that the 50-70 part should not be stamped as having the same TIME as the earlier 30-50 part. (...) (25 years ago, 16-Oct-99, to lugnet.market.theory)
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| | Re: why eBay proxy bidding is broken
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(...) I tend to say yes, with the proviso that the time-stamp gets updated, so the bid looks newer. But I wouldn't give this capability a high priority on the implementation schedule. Steve (25 years ago, 18-Oct-99, to lugnet.market.theory)
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