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Bid Retractions

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Author Previous TopicReplies: 19 / Views: 3,254Next Topic Page 2 of 2
Bedrock of the Community
United States
12437 Posts
 Posted 06/21/2013  1:21 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list
Pillar of the Community
United States
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 Posted 06/21/2013  4:47 pm  Show Profile   Bookmark this reply Add seal006 to your friends list
nofaction is another example of how spoiled folks have become using the internet. In a live auction, a bid is a binding contract. If you did not want to purchase the item, you should have never bid. The anonymity people hide behind on the the internet is sickening.
Valued Member
Australia
491 Posts
 Posted 06/21/2013  8:30 pm  Show Profile   Bookmark this reply Add kg5 to your friends list
I can see retracted bids are a pain but not very common for us here. Maybe because our listings are under $100. In 30 months we have had one retraction only.

Our major problem is the amount of non payers being 10 to 15 per month and with the bias, negative feedback ebay system towards the seller it put the seller in a very bad situation. It is interesting to look at this issue on the ebay forum. Many a sad feedback for seller chasing the non payers.

The strange thing about this is the item are mostly under $2 with free mailing.
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16679 Posts
 Posted 06/21/2013  10:14 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list
Block him and be done with it. Itz whati du :-)
swcoin.ecrater.com
Bedrock of the Community
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 Posted 06/21/2013  10:34 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list
I would agree he probably changed his mind and used that excuse. I would likely block them or if they did it again certainly block them since they give the impression they wont be an easy buyer to deal with. As far as trying to do anything through ebay Id say why bother. It probably wouldnt do anything anyway except cause you aggravation. Just block them and be done with it
Pillar of the Community
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United States
5953 Posts
 Posted 06/22/2013  05:35 am  Show Profile   Bookmark this reply Add nohope587 to your friends list
I have looked into this a little more and here is what I think was happening.
He bid a high amount on and item. I am guessing significantly more than he thought it was worth then a few mins before the item ended he would retract his bid and re-bid at a lower amount.
Pillar of the Community
United States
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 Posted 06/24/2013  05:08 am  Show Profile   Bookmark this reply Add buddy16cat to your friends list
Yes, you can always ban someone for any reason really.
Pillar of the Community
United States
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 Posted 06/24/2013  10:51 am  Show Profile   Bookmark this reply Add seal006 to your friends list

Quote:
I have looked into this a little more and here is what I think was happening.
He bid a high amount on and item. I am guessing significantly more than he thought it was worth then a few mins before the item ended he would retract his bid and re-bid at a lower amount.


I am unsure why any of this makes a difference. ebay is a proxy bid program. This means no matter if he bid $10 or $100, if the next level beid is $1.50 that is all the bid will come up as.
Pillar of the Community
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 Posted 06/24/2013  11:27 am  Show Profile   Bookmark this reply Add BuffalosRock to your friends list
Maybe it was an attempt to discourage other bidders. Throw a high bid so that anyone attempting to bid gets outbid each try - that discourages some from going up to their MAX as they think no matter what they try it will be outbid- and they are right. Then retract and see what the highest "real bid" is and decide if you still want it at just over that. It is a "cheat" of course and the "retraction" reason would be a lie no matter what. But it could be effective! These sort of games though are abusive and screw legit bidders.

Retracting bids for improper reasons IMO is about the same as those who win items and don't pay. Both should get immediate BANS.

I've "missed on" items because I was waiting for another to "complete/expire". That is part of what happens when you play by the rules and deal ethically. Those who cheat and welch etc. sicken me because it screws everyone else involved.
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 Posted 06/24/2013  11:47 am  Show Profile   Bookmark this reply Add seal006 to your friends list
BuffalosRock, you missed the point. He stated that the bidder re-bid at a lower amount. No matter if they re-bid or left the high bid up there they would still pay the same amount, which would be whatever the next level bid is. Say they placed a high bid of $50 and the bidding got up to only $5, that bidder would be in the lead at $5. Now they retract and the next highest bid was say $4.50 from another bidder. If the person that retracted their $50 re-bid, no matter what they bid, the realized price would only go up to $5, which is what they were winning with to begin with. That is why I said, with the proxy system in place doing so has no benefit or reasoning.
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 Posted 06/24/2013  11:55 am  Show Profile   Bookmark this reply Add nohope587 to your friends list
I don't know either I am just glad they won nothing..
Pillar of the Community
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1812 Posts
 Posted 06/24/2013  1:40 pm  Show Profile   Bookmark this reply Add Broken-Coin to your friends list


Quote:
Ebay can verify "wrong amount bids" as almost every wrong amount bid includes a extra digit or misplaced decimal point entered by accident.



Quote:
I am unsure why any of this makes a difference. ebay is a proxy bid program. This means no matter if he bid $10 or $100, if the next level beid is $1.50 that is all the bid will come up as.


I have to disagree as no sane person who placed a $100.00 bid by mistake, thinking he/she was bidding $10.00 would leave it as is when they receive a Bid Confirmation of $100.00 being placed.

Since I have not been on the Bay in 7 years, I don't know what changes were made since then, but do know most misplaced decimal bids were retracted and the correct bid placed after receiving confirmation.

I also experienced bidders placing super high bids in the thousands of dollars on auction listings where I used the "Reserve" option, just to see what my reserve price was, then cancel their bid/bids.

I would block them also and pull the listing as everyone would know what the reserve bid was when checking the "bid history".
Pillar of the Community
United States
500 Posts
 Posted 06/26/2013  10:04 am  Show Profile   Bookmark this reply Add BuffalosRock to your friends list
seal, you missed an important point. "with a few minutes left" If he left the $50 bid in place then it could be "run up" by last second bidders. If they retract the $50 and bid $5, then they still win it at $5 if no one else bids in those last few minutes. But are willing to "lose it" if last second bidders run it up higher. Many auctions get "run up" by auto-bidding programs etc. in the last few seconds let alone minutes.

So there is a big distinction between leaving it at $50 and going down to $5. And as I mentioned, it can be a deterrent to "competition" who get discouraged by having every incremental bid they try - earlier - be fruitless. So there is benefit and reasoning to it - unfortunately. It is a cheat/abuse and not a waste of time or innocuous!


Quote:
BuffalosRock, you missed the point. He stated that the bidder re-bid at a lower amount. No matter if they re-bid or left the high bid up there they would still pay the same amount, which would be whatever the next level bid is. Say they placed a high bid of $50 and the bidding got up to only $5, that bidder would be in the lead at $5. Now they retract and the next highest bid was say $4.50 from another bidder. If the person that retracted their $50 re-bid, no matter what they bid, the realized price would only go up to $5, which is what they were winning with to begin with. That is why I said, with the proxy system in place doing so has no benefit or reasoning.
Pillar of the Community
United States
1915 Posts
 Posted 06/26/2013  12:01 pm  Show Profile   Bookmark this reply Add seal006 to your friends list
Wow, and the CIA killed JFK too. You guys kill me with all of your thought processes.
Valued Member
United States
293 Posts
 Posted 07/03/2013  9:10 pm  Show Profile   Bookmark this reply Add atchisonbj to your friends list
nohope587 --- I list most of the coins I sell on line on USA Coin Book at a fixed price but I do occasionally sell on ebay. If I ever encounter a situation like what you described I'd go into my profile and block him or her. People like that are going to be a pain but you don't have to cower and take it. Let them be a problem for someone else.
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