AC1
500+ Head-Fier
- Joined
- Sep 14, 2001
- Posts
- 795
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- 11
Well I rarely use Ebay, but I just finished an auction where the bid retraction was used to basically find my upper limit price that I set. What he did was put in a high price to see where my limit was and then retracted his bid and put in one that was just under my limit, so that I would essentially be paying the “max” of my set bid.
The person that did this, I later discovered from searching the archives, had won an auction for the exact same item not to long before but at a higher price. I personally really doubt that he wanted to “buy” this unit but only to keep up the value. It wasn’t a big deal since I only put in $15 dollars more than the next “real” bid and it was still a very good price compared to what that guy payed for it.
I wonder if this is a common practice, since I do not use Ebay all that much. It kind of defeats the purpose of the proxy bid since anyone can find your limit with no risk of winning the item. But this is just one of these other things that dissuades me from using it more often.
The person that did this, I later discovered from searching the archives, had won an auction for the exact same item not to long before but at a higher price. I personally really doubt that he wanted to “buy” this unit but only to keep up the value. It wasn’t a big deal since I only put in $15 dollars more than the next “real” bid and it was still a very good price compared to what that guy payed for it.
I wonder if this is a common practice, since I do not use Ebay all that much. It kind of defeats the purpose of the proxy bid since anyone can find your limit with no risk of winning the item. But this is just one of these other things that dissuades me from using it more often.