[meteorite-list] Is EBAY bidding fixed?

From: GREG LINDH <geeg48_at_meteoritecentral.com>
Date: Wed, 11 Apr 2007 23:04:05 -0700
Message-ID: <BAY118-DAV1733A2A0739964DB05B0AC95E0_at_phx.gbl>

       Hi Mike,

    I'd like to start by saying I met you at the Tucson show and I know of
your meteorite hunting exploits and I have a lot of respect for you.
    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.....
    I'm not accusing anyone of anything, despite Dave's overly sensitive and
rude comments to me . I'm simply describing a phenomenon on EBAY (which I'm
new to) that makes absolutely *no sense* to me.
    If I get a good answer to my question from people on this forum, great.
If I don't, I won't melt.

    Regards,
             Greg Lindh



----- Original Message -----
From: "Michael Farmer" <meteoriteguy at yahoo.com>
To: "GREG LINDH" <geeg48 at msn.com>; "Dave Freeman mjwy"
<dfreeman at fascination.com>
Cc: "meteorite-list" <meteorite-list at meteoritecentral.com>
Sent: Wednesday, April 11, 2007 10:08 PM
Subject: Re: [meteorite-list] Is EBAY bidding fixed?


> 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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> > > Meteorite-list at meteoritecentral.com
> > >
> >
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> > >
> > >
> > >
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Received on Thu 12 Apr 2007 02:04:05 AM PDT