SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : eBay - Superb Internet Business Model
EBAY 85.36+1.1%Dec 12 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: VinWood who wrote (4353)7/29/1999 6:47:00 PM
From: J. C. Dithers  Read Replies (1) of 7772
 
They always show the highest bid unless it is a blind bid...

If you have sold a lot of things on eBay, then you seem to have done it without understanding the bidding system at all. Doug's explanation was totally correct, and quite clear. But let me give it a try with an example:

The other day I wanted to bid on an item when the current bid was at $210.50. I really wanted this item and I knew the bidding would go higher. So I placed a "maximum bid" (as eBay requires you to to do) of $800. I immediately became the high bidder, but my bid only showed as $212.50, because the incremental bid amount was $2.50. At this point, no one but me (and eBay) knew what my maximum bid was. As other people subsequently entered higher bids, my bid was always raised to top their's by another $2.50. Theoretically, this process would go on until someone finally outbid me at $802.50. In this case, the bidding reached a figure at about the $530 level as the auction ended, leaving me as the winner. To this day, nobody but eBay and me know what my maximum bid amount was.

Whoever wrote the original MSNBC article about a confederate placing a very high bid to scare other bidders off, was badly misinformed. This tactic could never work on eBay. No bidder ever knows what maximum bid may have been placed by another bidder. I have no idea what you are talking about when you mention a "blind bid," but there is no such thing on eBay.

Sadly, this board has become a forum for misinformation about eBay.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News