N3M3SIS 2ALL
Super Freak
- Joined
- Jul 30, 2014
- Messages
- 817
- Reaction score
- 12
The bank account is all downhill from here my friend. Congrats and happy collecting!
Yeah I can see this being a problem lol, thanks.
The bank account is all downhill from here my friend. Congrats and happy collecting!
Sell it! Sell whatever you just got, and get out while you still can
Best advice, believe me!
Welcome to the forum. Definitely read up on bid sniping, there are programs for every computer/platform and online services that don't require you to use a computer at all. Enter your maximum bid and the auction number, then forget about it until the auction is over.
Shill bids don't seem to be as common as they once were, but that may just be my own auction experience. eBay does have some back-end watchdogs looking out for this. IP number checking, the same account always bidding on auctions from another, etc. If you only bid your maximum, I wouldn't worry about it. You can also come in with a lower offer as the "second chance" isn't binding whatsoever. However, winning an auction because someone else retracted, is binding. One VERY important thing I didn't notice anyone else mention. If you ever receive any kind of second chance offer for whatever circumstances, make sure the message has come through the eBay system and not your regular email. In other words, make sure it's attached to a real auction listing by the real seller via eBay. Doing an off-eBay transaction is an invitation for fraud when you don't know the party you're dealing with.
In the meantime, enjoy this video.
The 'scam' is that a friend of the Seller bids against other buyers to raise the price, then drops out at the last minute, leaving the next highest bidder paying a higher price than if the friend of the Seller had not been bidding.. this activity is called 'shill bidding' ..but it is notoriously hard to prove beyond doubt, for obvious reasons.
The Seller may in every other way be a model of good business practice, they are however, ensuring they get the best price for an item, by dubious means.
This is particularly true if you and the bidder who drops out, have been the only bidders over a series of bids, because such auctions have a rather illogical outcome, in that your final bid is the one used for your 'second chance'.. to illustrate why this auction rule is illogical, I will give an example -
An auction occurs where there is only you and one other bidder.. the auction starts at $50 and you bid first.. the auction then goes up to $115 with just the two of you bidding before the auction ends, and the other 'winning' bidder drops out.. now logically you should only pay $50 because the other bidder by dropping out, technically should void all their bids, but due to established auction rules, your 'second chance offer' (your final bid) will probably be about $110.. despite the fact you have technically been bidding against yourself, because the only other bidder has dropped out.
Welcome to the forum. Definitely read up on bid sniping, there are programs for every computer/platform and online services that don't require you to use a computer at all. Enter your maximum bid and the auction number, then forget about it until the auction is over.
Shill bids don't seem to be as common as they once were, but that may just be my own auction experience. eBay does have some back-end watchdogs looking out for this. IP number checking, the same account always bidding on auctions from another, etc. If you only bid your maximum, I wouldn't worry about it. You can also come in with a lower offer as the "second chance" isn't binding whatsoever. However, winning an auction because someone else retracted, is binding. One VERY important thing I didn't notice anyone else mention. If you ever receive any kind of second chance offer for whatever circumstances, make sure the message has come through the eBay system and not your regular email. In other words, make sure it's attached to a real auction listing by the real seller via eBay. Doing an off-eBay transaction is an invitation for fraud when you don't know the party you're dealing with.
Not sure what you mean by "drops out" . I think you mean the shill bidder wins the auction and doesn't pay right? Then the second chance offer is going to be higher and it might be a scam.
But this is not the same as if the highest bidder just retracts his last bid like the OP said. Then it goes back to the second to last bid + the minimum increment. Maybe you were referring to the situation where that shill bidder was bidding the whole time and only retracted the last bid? Then he may have only been there to drive the price up. I think I answered my own question
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