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 Replies: 15 / Views: 2,138 |
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Pillar of the Community
Canada
5417 Posts |
Edited by zxcccxz
08/07/2014 01:39 am
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Pillar of the Community
Sweden
729 Posts |
Isn't it supposed to work like that? The bidder can raise his maximum price 100s of times if he wants to, but it only shows the one just over the second highest bidder.
Kind of pointless to raise the maximum bid 25 times though
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Rest in Peace
United States
10625 Posts |
Maybe he was fishing for the reserve price.  |
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Pillar of the Community
Canada
4227 Posts |
Quote:
Maybe he was fishing for the reserve price. That's what I'd guess. |
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Pillar of the Community
United States
7375 Posts |
Yeah that is a bit nuts. If you want to know the reserve, just ask the seller.
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Pillar of the Community
Canada
4227 Posts |
Looking at the bid history now, manic bidder stopped at $165.07.
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Rest in Peace
United States
10625 Posts |
OK, I was wrong in my original post on this thread. The 30 day history for this bidder is 17,237 bids on 1,073 auctions with 96% of them GSC auctions. I'm not sure if this guy is a shill or just someone without a life.
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Forum Dad
 United States
24170 Posts |
It happens all the time and has been happening for years. Bidders try to scare off other bidders by inflating the bid count to give the illusion that TONS of people want it. In my opinion ebay has it set up all wrong. The bid count should not go up unless the high bid amount changes, not just when any bid is placed. Kinda dumb really. |
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Pillar of the Community
United States
7375 Posts |
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Bidders try to scare off other bidders by inflating the bid count to give the illusion that TONS of people want it.
That's one way to look at it. Then there is possibly also another tact. Shill bidders attempt to create a false desire/action for the coin with all the fake bids. Makes the coin look like a lot of people are interested in it. 'Hey, it must be a good coin, look at how many people want it.' Kinda like the old saying....."10,000 flies can't be wrong."  My guess is shill bidder. Edited by edweather
08/07/2014 5:01 pm
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Valued Member
United States
269 Posts |
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My guess is shill bidder. +1 |
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New Member
United States
12 Posts |
^
Agree, it is a shill bidder.
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Rest in Peace
 United States
1380 Posts |
Works the opposite with me. If I see a high number of bidders, I skip the auction.
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Pillar of the Community
United States
4212 Posts |
That is not a high number of bidders for a GSC auction. I bid on a Lincoln key recently, which had over 60 bids.
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Pillar of the Community
United States
7375 Posts |
I think the experienced/knowledgeable in most cases might steer away from high bidder auctions. GSC possibly caters to the, let's say, less experienced/less knowledgeable. Their enhanced photos alone are enough to send me packin'.
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Pillar of the Community
United States
819 Posts |
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Yeah that is a bit nuts. If you want to know the reserve, just ask the seller. I have never been able to get a response from a seller when asking for the reserve price...for some reason they have (in my case) wanted to keep it secret, for what reason escapes me. |
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Pillar of the Community
United States
7375 Posts |
That's interesting. I've asked sellers about half a dozen times and they always have revealed it. If they want me bidding on their item it benefits them to reveal it. I usually say something like, 'I have previous plans at the time their auction ends, and need to know if I need to change them to follow the auction.'
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Replies: 15 / Views: 2,138 |
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Posted 08/07/2014 05:50 am
