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Ebay "Private Auctions"

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 Posted 03/16/2018  8:13 pm Show Profile   Bookmark this topic Add okiecoiner to your friends list Get a Link to this Message Number of Subscribers
I have noticed more and more "private auctions/listings", especially Canadian variety coins. To me, it seems like it just opens the door for shill bidding or imaginary bids. Is it possible, or probably, that underhanded things happen in "private auctions". You never get to see if someone else is actually bidding or if the dealer himself is bidding things up through another ebay handle .. just to drive the price up.

I've had 2 large cent auctions that were private that is was next low and lost the sauction. Both times, I got a second chance offer within 2 days from the seller who "magically had another exactly like it. I now refuse to bid on any more "private" listings .. they pummel me with red flags.
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JimmyD's Avatar
Canada
21611 Posts
 Posted 03/16/2018  8:25 pm  Show Profile   Bookmark this reply Add JimmyD to your friends list Get a Link to this Reply
I agree completely. It happened to me once and for that reason
I will never again bid on an item that had a private auction.
It is just a haven for shill bidders. I don't know who
it is supposed to protect but it isn't the bidder.
Now before I bid on an item, I always check the Bid History
to see if it is private or not and if it is, I just don't bid.
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bobby131313's Avatar
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 Posted 03/16/2018  9:14 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
You never get to see if someone else is actually bidding or if the dealer himself is bidding things up through another ebay handle .. just to drive the price up.


You can't tell that in a non-private listing.
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 Posted 03/16/2018  9:44 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
I have a list of about 20 known large cent collectors and their ebay handles (some have 3-4). I can tell if it's any of them bidding. It took me years to compile the list ..from coins bought at an ebay auction and then their posts on the 3-4 coin sites. And, yes, I DO see where alternate ebay handles bid on the same items, as well as friends or shill bidders who do it for him .. just look at the bidding habits of the underbidders and whose auctions that they almost exclusively bid on (but never win).
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bobby131313's Avatar
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 Posted 03/16/2018  9:48 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
You think you know, but you don't. It's almost impossible even for ebay to tell unless they're total idjits and use the same address or name.

When we were selling on ebay heavy you would have thought 2/3 of our listings had shill bidders....
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 Posted 03/16/2018  10:07 pm  Show Profile   Bookmark this reply Add okiecoiner to your friends list Get a Link to this Reply
There are auctions on ebay right now where a bidder on a dealer's auction is the same as one of his handles that he no longer uses to sell but still active. ebay doesn't seem to want to do anything about it .. it's a shame.
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 Posted 03/16/2018  10:08 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
I'd be wary of generalizing the experience you've had with one or two bad sellers as being representative of all sellers. If you really, truly believe a shill is in the mix, report the listing and look for another seller. With millions of listings, ebay depends on you and others like you to report bad listings.

There is no magical "shill bidding detector" algorithm that's reliable enough to be useful except in extremely obvious cases (same IP/different userid comes to mind) -- even humans can't reliably detect shills in live auctions.

All you (and the computer) can do is look for common patterns, and those patterns are not often noticed unless someone points it out by means of reporting; i.e., "seller constantly has same two bidders on all listings, and always makes second chance offer to me with the same item if one of those two bidders wins the auction.)

Keep in mind that you are collecting in a specialized market (Canadian large cent varieties) and it would be expected to encounter several others who share your interest in that specialty bidding against you. I have a couple of dealers in early American large cents whom I prefer to do business with when they list auctions. It would be entirely too easy for someone to notice that I am a frequent bidder on these sellers' listings, and come to the (wrong) conclusion that I am a shill bidder, when in reality, I'm merely a frequent buyer in a specialist market.
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Edited by paralyse
03/16/2018 10:12 pm
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