[meteorite-list] Is EBAY bidding fixed?

From: Michael Farmer <meteoriteguy_at_meteoritecentral.com>
Date: Wed, 11 Apr 2007 22:08:05 -0700 (PDT)
Message-ID: <217927.56915.qm_at_web33107.mail.mud.yahoo.com>

It is not bid fixing, it is proxy bidding.
Let's say you have an item, a bidder puts in a bid of
$100.00 max bid. The item is currently at $45.00 and
they are high bidder, then you come along at the last
minute and put in a bid of $80.00., then the ebay
proxy bid automatically bids up to the $80.00. You
must then bid over their $100.00 bid to win.
It does not auctomatically place little bids, it goes
by the max bid.
Mike Farmer
I hav been buying and selling on ebay since 1995.


--- GREG LINDH <geeg48 at msn.com> wrote:

> Hi Dave,
>
> I don't think my analysis of the EBAY situation
> is silly at all. There
> is no reason to artificially up the price of an
> item. What I do is wait
> until the last 30 seconds or so and then pop in and
> place a bid. I have
> always won, but unfortunately I pay a higher price
> than necessary because
> someone has bid over and over again *for no apparent
> reason*. They're not
> scaring anyone away by doing this. They just make
> the item cost a ton more.
> Again, I ask why?
>
> Greg Lindh
>
>
>
>
> ----- Original Message -----
> From: "Dave Freeman mjwy" <dfreeman at fascination.com>
> To: "GREG LINDH" <geeg48 at msn.com>
> Sent: Wednesday, April 11, 2007 9:48 PM
> Subject: Re: [meteorite-list] Is EBAY bidding fixed?
>
>
> > Don't be so silly, the person is raising their bid
> so that if you bid, you
> > won't out bid them. If you want to win the
> auction, you have to bid higher
> > than their bid.
> > For fun, start out and bid very low, bid again,
> bid four or five times to
> > what is your maximum bid. It will let other
> bidders THINK you are serious
> > about winning...............OR............THAT
> other bidders may think
> > you are fixing your bid....
> > Dave F.
> >
> > GREG LINDH wrote:
> >
> > To all,
> >
> > I am new to EBAY and to meteorite collecting.
> I have purchased 13
> > meteorites total. I've gotten most of them by
> bidding on EBAY. I've
> > noticed that many times someone will bid for an
> item and continually bid
> > the
> > item up even though nobody is bidding against
> them. They may start out by
> > bidding $10.00 for an item, then the same person
> raises the price to
> > $30.00,
> > then $50.00, then $80.00, etc., etc. They
> artificially and unnecessarily
> > raise the price so that the item finally sells for
> a *much* higher price
> > than it would have gone for if this hadn't been
> done.
> > Either the bidder is a moron or he is working
> with the seller to up
> > the
> > price.
> > Can anyone explain this phenomenon to me?
> >
> > Greg Lindh
> >
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> >
> >
> >
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Received on Thu 12 Apr 2007 01:08:05 AM PDT