Discussion - Member to Member Sales - Research Center
Discussion - Member to Member Sales - Research Center
From the Auction Tutorial:
"WARNING!! Bids can not be retracted. Make sure that the bid amount is correct before submitting it. For example, if the desired bid is "1.75", make sure that "175" is not entered. If it is, the system will enter a bid of "$175.00". Mistakes do happen, and sometimes obvious bidding errors may be able to be corrected by contacting the Web Master. When a bid is submitted, the system informs the bidder if the bid was successful (became the high bid) or was unsuccessful (not high enough to beat the current high bid). The bidder can decide to bid again, increase the high bid, come back later, or give up and look for another lot on which to bid."
I do not have access to the system programming, but as stated above, contact the webmaster to get this corrected. Make sure to include the auction listing ID number. To send a private message to the webmaster, use the following username: auldstampguy
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In Michael's example above where you wanted to bid $1.75 and you bid $175.00, if you go back and make another bid of say $2.00 it should change your top bid to $2.00.
Regards ... Tim
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Aha! Looks like I need to make a correction in the tutorial.
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Can a person place a very high bid during the auction (discouraging others from bidding) and then drop their bid just before the auction closes?
Don
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Hi Don,
I did a bit of experimenting with this. Here is how it works.
Example:
1. Opening bid on Lot A is $1 and there are no bids as yet.
2. Bidder A bids $5 on Lot A, bringing the actual bid amount to $1.
3. Bidder B bids $1.50 on Lot A bring the actual bid amount to $1.50, with Bidder A still winning.
3a. Stamporama auction software adds proxy bid for Bidder A bringing bid to $1.75 (the next highest bid increment).
4. Bidder A is free to re-bid on Lot A for any dollar amount that is equal to or greater than the actual bid amount of $1.50 $1.75, and remains high bidder until he is outbid or wins the auction lot.
Note: I edited my example to more closely match Michael's more complex analysis below, but the change in effect is negligible.
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Ah, I see. Thanks for looking closer at this.
Don
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"Can a person place a very high bid during the auction (discouraging others from bidding) and then drop their bid just before the auction closes?"
I'll break this down to three parts:
"Can a person place a very high bid during the auction"
YES.
"and then drop their bid just before the auction closes"
Yes, but you can not drop your bid lower than what the next bidding increment is.
"discouraging others from bidding"
No, because if you bid higher than the next bidding increment, you high bid will become a "proxie bid". No one will be able to see it, and the system will only bid for you following the set bidding increments needed to beat any one else's bid until your maximum bid is reached.
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You have it correct Michael and Antonio.
Tim.
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06:17:14pm
Now you tell me after I spent a day and half hoping that the $227.00 (Intending $2,27)
did not find someone who really wanted that stamp, bidding $10,99 )+/- a fw
Fortunately I won for the $1.27 that was the next lowest bid.
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I'll revise the tutorial when I get back.
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This has happen to me once a bit ago I contacted the seller and explained what had happened and the seller corrected the bid...Not sure how but she did
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"I contacted the seller and explained what had happened and the seller corrected the bid...Not sure how but she did"
A seller should not be able to do that, unless she contacted the webmaster. Sellers being able to change bids on their items is a big no, no.
Anyway, I have updated the tutorial to explain how a bidder can correct bid amounts placed in error. Note that once you bid on an item, however, you cannot retract that bid to avoid buying the item. So, be careful before clicking on the submit button to be sure that you really want to buy the item. You will have to pay for it if you are the high bidder.
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re: Revising / cancelling a bid
From the Auction Tutorial:
"WARNING!! Bids can not be retracted. Make sure that the bid amount is correct before submitting it. For example, if the desired bid is "1.75", make sure that "175" is not entered. If it is, the system will enter a bid of "$175.00". Mistakes do happen, and sometimes obvious bidding errors may be able to be corrected by contacting the Web Master. When a bid is submitted, the system informs the bidder if the bid was successful (became the high bid) or was unsuccessful (not high enough to beat the current high bid). The bidder can decide to bid again, increase the high bid, come back later, or give up and look for another lot on which to bid."
I do not have access to the system programming, but as stated above, contact the webmaster to get this corrected. Make sure to include the auction listing ID number. To send a private message to the webmaster, use the following username: auldstampguy
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Auctions - Approvals
re: Revising / cancelling a bid
In Michael's example above where you wanted to bid $1.75 and you bid $175.00, if you go back and make another bid of say $2.00 it should change your top bid to $2.00.
Regards ... Tim
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re: Revising / cancelling a bid
Aha! Looks like I need to make a correction in the tutorial.
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re: Revising / cancelling a bid
Can a person place a very high bid during the auction (discouraging others from bidding) and then drop their bid just before the auction closes?
Don
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re: Revising / cancelling a bid
Hi Don,
I did a bit of experimenting with this. Here is how it works.
Example:
1. Opening bid on Lot A is $1 and there are no bids as yet.
2. Bidder A bids $5 on Lot A, bringing the actual bid amount to $1.
3. Bidder B bids $1.50 on Lot A bring the actual bid amount to $1.50, with Bidder A still winning.
3a. Stamporama auction software adds proxy bid for Bidder A bringing bid to $1.75 (the next highest bid increment).
4. Bidder A is free to re-bid on Lot A for any dollar amount that is equal to or greater than the actual bid amount of $1.50 $1.75, and remains high bidder until he is outbid or wins the auction lot.
Note: I edited my example to more closely match Michael's more complex analysis below, but the change in effect is negligible.
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re: Revising / cancelling a bid
Ah, I see. Thanks for looking closer at this.
Don
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re: Revising / cancelling a bid
"Can a person place a very high bid during the auction (discouraging others from bidding) and then drop their bid just before the auction closes?"
I'll break this down to three parts:
"Can a person place a very high bid during the auction"
YES.
"and then drop their bid just before the auction closes"
Yes, but you can not drop your bid lower than what the next bidding increment is.
"discouraging others from bidding"
No, because if you bid higher than the next bidding increment, you high bid will become a "proxie bid". No one will be able to see it, and the system will only bid for you following the set bidding increments needed to beat any one else's bid until your maximum bid is reached.
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Auctions - Approvals
re: Revising / cancelling a bid
You have it correct Michael and Antonio.
Tim.
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
22 Jul 2017
06:17:14pm
re: Revising / cancelling a bid
Now you tell me after I spent a day and half hoping that the $227.00 (Intending $2,27)
did not find someone who really wanted that stamp, bidding $10,99 )+/- a fw
Fortunately I won for the $1.27 that was the next lowest bid.
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re: Revising / cancelling a bid
I'll revise the tutorial when I get back.
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07:34:35pm
re: Revising / cancelling a bid
This has happen to me once a bit ago I contacted the seller and explained what had happened and the seller corrected the bid...Not sure how but she did
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re: Revising / cancelling a bid
"I contacted the seller and explained what had happened and the seller corrected the bid...Not sure how but she did"
A seller should not be able to do that, unless she contacted the webmaster. Sellers being able to change bids on their items is a big no, no.
Anyway, I have updated the tutorial to explain how a bidder can correct bid amounts placed in error. Note that once you bid on an item, however, you cannot retract that bid to avoid buying the item. So, be careful before clicking on the submit button to be sure that you really want to buy the item. You will have to pay for it if you are the high bidder.
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