Sunday Times exposes Titanium Powerseller shill bidder

pinkgem

pgilc1 wrote:

Did you bother to actually read the scenario, or did you just read the (incorrect) sentence above you?

i'm not incorrect

you have given the reasons for me being correct yourself

'The winning bidder must meet or exceed the reserve price and have the highest bid. '
and
'Until you see that the reserve price has been met, there have been no successful bids in the auction'

if someone bids £80 on an item with a £70 reserve then they meet and exceed the reserve price and therefore have the highest bid of £70

the reserve price of £70 is met (and exceeded) when someone bids £80

motorguy

So just to clarify (again)

Bidder A is bidding on an item. its at 99p. he puts a max bid on of £80. the reserve is £70. at this point his bid will appear as 99p. it wont go to £70.

Bidder B bids on the item. his max bid is £59. Its then auto bid up to £60 in favour of Bidder A.

No one else bids. The auction closes at £60.

Are you saying that bidder A will be forced to pay £70 for the item to meet the reserve, even though no one else bid above £60? Because thats certainly not the experience i have had on ebay in such scenarios?

I could of course set up an example of this using the 3 ebay accounts i have, but then that would be shill bidding and i would be suspended.

pinkgem

pgilc1 wrote:

So just to clarify (again)

Bidder A is bidding on an item. its at 99p. he puts a max bid on of £80. the reserve is £70. at this point his bid will appear as 99p. it wont go to £70.

Bidder B bids on the item. his max bid is £59. Its then auto bid up to £60 in favour of Bidder A.

No one else bids. The auction closes at £60.

Are you saying that bidder A will be forced to pay £70 for the item to meet the reserve, even though no one else bid above £60? Because thats certainly not the experience i have had on ebay in such scenarios?

I could of course set up an example of this using the 3 ebay accounts i have, but then that would be shill bidding and i would be suspended.

if an auction starts at 99p with a reserve of £70 and bidder A bids £80 it will go straight up to the reserve of £70

bidder B would have to bid over £70 he cannot bid £59 as that is lower than the current bid of £70

bidder A will be happy to pay £70 as he won the item for £10 less than his maximum bid of £80, and seller is happy that item sold for his reserve of £70 - the minimum he wanted to sell the item for

motorguy

pinkgem wrote:

i'm not incorrect

you have given the reasons for me being correct yourself

'The winning bidder must meet or exceed the reserve price and have the highest bid. '
and
'Until you see that the reserve price has been met, there have been no successful bids in the auction'

if someone bids £80 on an item with a £70 reserve then they meet and exceed the reserve price and therefore have the highest bid of £70

the reserve price of £70 is met (and exceeded) when someone bids £80

Nope, only if someone else bids and forces their bid above £70. Using a more extreme example, are you saying that if the only bidder on an auction that starts at 99p has a max bid of £80 on an auction with a reserve of £70 on it, then even though they are the highest bidder at 99p when the auction closes they will be forced to pay £70, because their highest bid price would have exceeded the reserve had anyone else bid?

nightswimmer

pgilc1 wrote:

Nope, only if someone else bids and forces their bid above £70. Using a more extreme example, are you saying that if the only bidder on an auction that starts at 99p has a max bid of £80 on an auction with a reserve of £70 on it, then even though they are the highest bidder at 99p when the auction closes they will be forced to pay £70, because their highest bid price would have exceeded the reserve had anyone else bid?

From the eBay help pages:

"If your maximum bid is the first to meet or exceed the reserve price, the effective bid displayed will automatically be raised to the reserve price."

pinkgem

pgilc1 wrote:

Nope, only if someone else bids and forces their bid above £70. Using a more extreme example, are you saying that if the only bidder on an auction that starts at 99p has a max bid of £80 on an auction with a reserve of £70 on it, then even though they are the highest bidder at 99p when the auction closes they will be forced to pay £70, because their highest bid price would have exceeded the reserve had anyone else bid?

no the price would only stay at 99p if someone bid between 99p-£69.99 therefore not meeting the reserve price. It will go up to £70 as soon as someone bids £70 or more, bidder A bids £80 and so his bid meets and exceeds the reserve price of £70 so the price goes up to £70.

why do you think there would be no sale? the seller is willing to sell for £70 and the bidder is prepared to pay up to £80 so the item sells for £70.

pinkgem

nightswimmer wrote:

From the eBay help pages:

"If your maximum bid is the first to meet or exceed the reserve price, the effective bid displayed will automatically be raised to the reserve price."

thank you

i have just been scanning ebays help pages to try and find that as proof that i am correct

pinkgem

edited double post

motorguy

pinkgem wrote:

no the price would only stay at 99p if someone bid between 99p-£69.99 therefore not meeting the reserve price. It will go up to £70 as soon as someone bids £70 or more, bidder A bids £80 and so his bid meets and exceeds the reserve price of £70 so the price goes up to £70.

why do you think there would be no sale? the seller is willing to sell for £70 and the bidder is prepared to pay up to £80 so the item sells for £70.

Fair enough - i stand corrected on how it would work.

Snooze_Control

pgilc1 wrote:

Fair enough - i stand corrected on how it would work.

I have to be honest and say that I didn't know that either and was about to join you in the arguing over it! Learnt something new today! :j

SC