[sdiy] ebay internal shill bidding?

[Amos]

I do the same as Paul, with the addition of a low-money "courtesy bid"
at the beginning of the auction, just to throw my proverbial hat into
the ring.  I then wait until the absolute last possible nanosecond
before placing my real bid.  I feel like if I bid when there's more
than 3-5 seconds remaining, I'm taking an extravagant risk.

- Amos (proverbial haberdasher)...

On 1/5/11, Paul Burns <paul at fitvideo.co.uk> wrote:
> Hi
> For what it is worth
> You would not see me on a bid list, as I always have and will predate right
> at the last second ... that is the only time I bid ...so I behave like a bot
> ...
> My reasoning is I have already decided what I am prepared to pay, so why get
> in a price war two weeks before the end .. it is like showing your cards in
> a game of poker...
> Besides, there is a certain schadenfreude involved in snaffling something
> right at the death...it gives a certain inner glow ...
>
> Lol
>
> Regards
>
> Paul Burns
>
>
>
> -----Original Message-----
> From: synth-diy-bounces at dropmix.xs4all.nl
> [mailto:synth-diy-bounces at dropmix.xs4all.nl] On Behalf Of Bob Weigel
> Sent: 05 January 2011 11:09
> To: Barry Klein; synthdiy
> Subject: Re: [sdiy] ebay internal shill bidding?
>
> On 1/5/2011 12:34 AM, Barry Klein wrote:
>> Good example!
>> Man I feel stupid trying to make sense of it.
>> What is happening at the end there where a**y's bid jumps from 416.01
>> to 440
>> at the same time interval?
>> This is one of ebay's best opportunities for improvement:
>> present bid history so it is easier to understand for dummies like me.
>>
>> Barry
>>
>
> Lol. Yeah I think they blanked out the actual names so that they could
> pull this stunt. I had a funny feeling about it when they did it.  I
> hadn't heard of any bad interactions...most of those happen between
> buyers and sellers of course when one doesn't do what they're supposed
> to.   There used to be communication between people in the ebay
> community.  They totally killed that pretty much.
>
> Here's a possible scenario though Barry.  Let's draw it out on a time line
>
> Tuesday let's say... 12:00 pm
>
> John whoever bids 22.00 on an item that was previously at 11.00.
> The bidding increment for the auction, let's say, is 1.00 for
> simplicity.  I'm not sure of late how they do that.  It used to be they
> had different increments for different auction values or something.  I
> can't recall.
>
> But anyway so at 12:00 pm therefore the auction now reads 12.00 because
> it has to show at least 1.00 over the previous bid.  And that is what
> John will win it for if nobody else bids.
>
> But Cecil follows at 12:15 and posts a 15.00 bid.
> IMMEDIATELY it tells Cecil he has been outbid and he now must enter more
> than 16.00 in order to hope to win this auction since John had 22.00
> waiting to dump on it already in the cue.  And ebay 'proxy bids' for him
> from that point on...until it's over 22.00
>
> Ok the auction is ending at 12:16 let's say.  Cecil scratches his head
> and ...while knowing he can get a similar spatula at spatula city for
> only 12.99... has basic human territorial behavior.  And he decides John
> has no right to this because it's HIS spatula in his way of thinking.
> IT's just a matter of PRINCIPLE now.  There is no money limit.   So
> Cecil manages to slam down another bit at 12:15:49 of 22.00 but...he
> receives a disappointing note that he must enter another bid because
> John's ceiling happened to be 22.00 and since John already had that as
> his bid, Cecil can't win with the same bid since John was first.
>
> While cecil is frantically trying to figure how to up his bid 5 bucks in
> 10 seconds... HORATIO who knew the tendencies of humans to have
> territorial behavior had cleverly held his bid to the end.
> Unfortunately he didn't know that he could get this spatula at spatula
> city for much less and he had put 25.50 on cue to be dropped at 8
> seconds before the end of auction.  SAM though also unaware of those
> great deals at spatula city put down 26.00!  Sam's snipe, however,
> didn't land on ebay until 5 seconds before the end.
>
> So because sam wasn't more than 1.00 over (the bidding increment)
> Horatio's previous amount, Horatio wins and Sam is left with a message
> telling him he must up his bid which is impossible of course in a few
> seconds.
>
> -Bob
>
>
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