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Non-Tech : MLRE EBAY IBID UBID we all bid and ONLINE AUCTION FRAUD
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To: StockDung who wrote ()2/10/1999 1:42:00 AM
From: Kevin McKenzie  Read Replies (1) of 30
 
Floyd,

My advice is "Don't bid more than you think the item is worth." It is the auctioneer's job to get as much as he/she can for an item; he is there on behalf of the seller, not the buyer; It is up to the bidder to set his/her own bidding limits.

I've been to many live auctions and have bought and sold items through Ebay. Sometimes the prices are great, sometimes they're ok; sometimes I don't win the item because it's too expensive. From your posts, I can tell you're an experienced stock trader; When you buy and sell stocks, I'm sure you set price limits. If, for whatever reason, these limits are exceeded, you don't buy. Do the same at auction and you'll be fine.

If a live auctioneer plants too many shills or allows his staff to win too many items, he will go out of business quickly.
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