2 Oct
2010
2 Oct
'10
8:48 a.m.
Fred Cisin wrote:
On Fri, 1 Oct 2010, Tony Duell wrote:
That's why I only 'snipe' bid on auctions. Chances of this happening
are
much rarer, and I only put in my snipe offer the most I am willing to
pay. Win many, loose some, usually much less than I was willing to offer.
If it is something very rare I still use the same process. The shill
bidders will pull out at the last few minutes and my bid is put in the
last second so no chance of shilling. If the shill looses by winning the
auction they will put the item up again later giving me another chance -
this time the auction usually is less as a number of people simply give
up and move on to something else...
I also don't watch the auction bids, otherwise I might get caught up in
the action and over-ride my snipe.
John :-#)#
3) In the last few seconds a shill puts in an
outlandish bid (say $1000
for a itme that noone would pay more than $50 for). Of course he wins it
4) The shill bid is withdreawn by 'mutual ageeement' giving reasons like
'The buyer didn't realise it wasn't <foo>'.
5) But the seller now knows the highest legitimate bid limit. He then
offers the item to that buyer at that price. Point being, he's getting
that bid limit, not the real high bid (one incement over the second
highest bid limit)
another variant:
3) well before the end, the shill puts in a completely ridiculous bid.
4) the active bid is moved to one increment over your bid.
5) the shill retracts the "mistaken" bid - "my keyboard stuck"
6) the shill, or shill#2, now places a bid just below yours, so that when
you win the auction, it is at your maximum bid.