[meteorite-list] Is EBAY bidding fixed?

From: Daniel Svensson <daniel_svensson_at_meteoritecentral.com>
Date: Thu, 12 Apr 2007 08:24:47 +0200
Message-ID: <BAY109-F23A6DE8C17F5542FB3CB7A945E0_at_phx.gbl>

hello,

I think I might have an explanation:
if there is a secret reserve you can raise your bid several times without
anyone else bidding
until you reach the limit of the secret reserve. In this case it will look
like someone is bidding with themselfes.

Why are people bidding before the last 30 seconds? Well this bidding is
probably often raising the final price, but I see at least some possible
reasons:
1. The person cannot bid at end of auction for practical reasons
2. They dont want to win, but want to raise the final price (for some
reason)
3. It is fun!

I hope this can be helpfull.

/Daniel Svensson


>
> Hi Darren,
>
> I appreciate the link that you gave me which explains the bidding
>system
>on EBAY. I'll have to go back and check out EBAY more carefully. Perhaps
>I
>thought this has occurred and maybe I was wrong. I'll go and take a better
>look at it.
> Thanks for not "shooting me" and for giving a kind and thoughtful
>reply.
>
> Regards,
> Greg Lindh
>
>
>
>----- Original Message -----
>From: "Darren Garrison" <cynapse at charter.net>
>To: "meteorite-list" <meteorite-list at meteoritecentral.com>
>Sent: Thursday, April 12, 2007 12:05 AM
>Subject: Re: [meteorite-list] Is EBAY bidding fixed?
>
>
> > On Wed, 11 Apr 2007 23:04:05 -0700, you wrote:
> >
> > > My question still has not seemed to be answered. My concern is
>about
> > >someone who bids over and over with no apparent competition. They
>single
> > >handedly raise the price from $10.00 to $30.00 to $60.00 to $80.00,
> > >etc.....
> >
> > It is not possible for someone-- with nobody else bidding against him--
>to
> > in
> > any way change the price from the opening price (in a non-reserve
> > auction).
> > Let's say there is an item with a starting bid of 99 cents. Only one
> > person
> > bids on it. He could modify his bid 1500 times and the auction price
> > isn't
> > going to go above 99 cents if nobody is bidding against him. And, even
> > after
> > the close of the auction, you'll never see what his maximum bid price
>was,
> > only
> > what the auction closed at. What you are describing doesn't happen.
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Received on Thu 12 Apr 2007 02:24:47 AM PDT