Thread: Like Bidding Wars???

Thanks for explaining that bid cancellation bit. I wouldn't have thought it would work that way.

My memory is not so hot, I fear. I don't recall all the details, just that two of Bob's regular customers got into a war. One of them had missed out on a couple of Ducks and was bound and determined to snag one. One guy was overseas, Hong Kong maybe, and the other was from Fl.

I wasn't a real pleasant situation. Bob found himself the victim of two overly aggressive repeat customers is about all I recall. Wasn't any of my business anyway and as with most stuff like that I just forget it.

Originally Posted by Hawkeye5

One guy was overseas, Hong Kong maybe, and the other was from Fl.

Hong Kong ?? hmm i thought i was the only guy from Hong Kong on these forums lol
and it certainly wasn't me bidding on that
i know the other guy, he's fairly aggressive on ebay biddings but don't know the overseas guy though
and yes Bob is a nice guy and yea he would've sorted that out and i guess that's probably what has happened here as well with this particular vendor.
oh well, if i have known maybe i would've put in a bid as well

Originally Posted by Hawkeye5

Thanks for explaining that bid cancellation bit. I wouldn't have thought it would work that way...

What prolly happened was the winner of the auction had a max bid of 500$ in, and the 691 guy was bidding against that the whole time. When he withdrew his 505$ bid it reset things to the winner and the new second highest bidder.

Originally Posted by Pete_S

What prolly happened was the winner of the auction had a max bid of 500$ in, and the 691 guy was bidding against that the whole time. When he withdrew his 505$ bid it reset things to the winner and the new second highest bidder.

Aah, that makes sense. Thanks!

Originally Posted by Hawkeye5

I've had it on my watch list just for entertainment.

HAAA, HAAA. So I'm not the only one who does it.

Originally Posted by vespar72

wow, good memory John
that's correct, it was Bob's DD that went over $1000
but the thing that puzzles me in both these cases is i've always thought the final push of the "ENTER" key was a binding contract and that you can't get out off it.
if it's so easy to get out, then i would guess that everyone could theoretically bid and not cough up with the dough?

Bid retractions are very serious. E-bay keeps track of them, and on all my listings, I prevent people who have had more than a certain number of bid retractions over the last however many months from bidding on my items at all. There is an option for this when you list an item.

Here is a super evil scenario: You have your eye on an auction, and have bid on it, fairly high. You then use a phony e-bay account to artificially inflate the price, outbidding your first bid. Everyone else passes by the auction because it is priced too high. You then retract your phony bid before the auction ends, and win the item @ one bid increment over the 3rd highest bidder.

The main abuse of bid retractions, however, is by sellers. Shill bidding is a major problem. Sellers can use a phony bid to determine how high someones bid is, retract the phony bid, and use another account to bid $1 less than the bidder, so that the bidder pays absolute maximum price.

This can cost people a lot of $.


If you EVER need to cancel a bid for any reason, please CONTACT the sellers..do not do a retraction! Tell the seller the truth, and they will usually remove your bid for you, without any strikes going on your account history.

Originally Posted by Undream

Here is a super evil scenario: You have your eye on an auction, and have bid on it, fairly high. You then use a phony e-bay account to artificially inflate the price, outbidding your first bid. Everyone else passes by the auction because it is priced too high. You then retract your phony bid before the auction ends, and win the item @ one bid increment over the 3rd highest bidder.
history.

If everyone sniped this wouldn't be an issue

I recently sold a guitar on ebay and noticed a lot of 0 feedback bidders on my auction and this scenario occurred to me as a possible explanation for what was going on. Luckily someone legit out bid all those people and the guitar sold quite high. Ebay, e for evil! Sometimes.

Originally Posted by Undream

Bid retractions are very serious. E-bay keeps track of them, and on all my listings, I prevent people who have had more than a certain number of bid retractions over the last however many months from bidding on my items at all. There is an option for this when you list an item.

Here is a super evil scenario: You have your eye on an auction, and have bid on it, fairly high. You then use a phony e-bay account to artificially inflate the price, outbidding your first bid. Everyone else passes by the auction because it is priced too high. You then retract your phony bid before the auction ends, and win the item @ one bid increment over the 3rd highest bidder.

The main abuse of bid retractions, however, is by sellers. Shill bidding is a major problem. Sellers can use a phony bid to determine how high someones bid is, retract the phony bid, and use another account to bid $1 less than the bidder, so that the bidder pays absolute maximum price.

This can cost people a lot of $.


If you EVER need to cancel a bid for any reason, please CONTACT the sellers..do not do a retraction! Tell the seller the truth, and they will usually remove your bid for you, without any strikes going on your account history.

I never thought of this type of scenario. Isn't it a bummer that there are major loser/scum around in anything who make things worse for the rest of us? I can't help but laugh and laugh at the aspiring notions that humans can do anything/ be godlike. Past, present and untold eons into the future there are turds in the big bunch that stink it up for the rest of us. Bummer that that will never never change. Sad too.

Chris L