kim wrote:
> > kim wrote:
> >>
[quoted text clipped - 4 lines]
> >>>
> >>>Apologies if it's someone on this group - surely it can't be, can
it
> >>> - but you could probably get a half-decent lobotomy for less !
> >>
> >> People have been known to place opening bids for their own items
and
> >> since the bidder in this case has no previous history...
> >>
> >> (kim)
> > Seller may be getting desparate, since it closes tomorrow...and had
to
> > resort to drastic measures (which are against e-bay rules)
>
> Take a look at the "no reserve" auctions from Rails of Sheffield. The
> opening bid is invariably for approx half the matket value ending in
an odd
> number of pence and often the same odd number of pence each time.
> Coincidence or what?
>
> (kim)
Nothing sinister, just the way Ebay's proxy bidding system works with
fixed increments. A lot of Rails non-reserve auctions start at 99p and
bids then go up in increments of 20p, 50p or £1 or whatever, depending
on the current price. So if someone bids £2, they'll become the
winning bidder at £1.19 (20p above the current price). Then someone
else bids £3 and the proxy bidding system applies increments of 20p
until they become the winner at £2.19, etc. So it can quite easily
look as though all the items have the same number of odd pence.
Only if two bids are closer than a bidding increment will this change.
So in the example above if the second bidder had bid between £2.01 and
£2.18 then they would win with that bid but if they bid £2.19 or
above they would win with £2.19, preserving the odd 9p.
The opening bids for new items are invariably 50% of retail plus a few
pence. If they were to impose a reserve or minimum bid of that level they
would have to pay an extra listing fee. If they were to place a fake bid for
that amount they would avoid the extra charge. eBay no longer allows
reserves for items under £100 so this is now the only way of doing it.
(kim)
John Ruddy - 25 Feb 2005 11:01 GMT
> The opening bids for new items are invariably 50% of retail plus a few
> pence. If they were to impose a reserve or minimum bid of that level they
[quoted text clipped - 3 lines]
>
> (kim)
Here is an example from their auctions - chosen at random -
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&category=96851&item=5958809929
The auction is over 2 and a half days old. It started at 99p and after 3
bids, it has reached the dizzy heights of £4.20. The first bid was
nowhere near "50% of retail" and the first bidder has feedback of 21 -
none of their previous successful auctions involving Rails of Sheffield.
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&category=69812&item=5958604253
is another example of an auction where 2 bids have been placed - the
first being for only slightly more than the starting price, again both
bids are from people who have good positive feedback and who seem to be
regular purchasers of model railway equipment.
kim - 25 Feb 2005 13:01 GMT
>> The opening bids for new items are invariably 50% of retail plus a few
>> pence. If they were to impose a reserve or minimum bid of that level they
[quoted text clipped - 17 lines]
> from people who have good positive feedback and who seem to be regular
> purchasers of model railway equipment.
These are not *new* items. They are secondhand items - probably being sold
on behalf of customers - so it makes no difference to Rails how much they
get for them.
(kim)
John Ruddy - 25 Feb 2005 15:14 GMT
> These are not *new* items. They are secondhand items - probably being sold
> on behalf of customers - so it makes no difference to Rails how much they
> get for them.
>
> (kim)
My apologies. Would you care to post a link to an auction where you
think this is happening?
kim - 25 Feb 2005 22:56 GMT
>> These are not *new* items. They are secondhand items - probably being
>> sold on behalf of customers - so it makes no difference to Rails how much
[quoted text clipped - 4 lines]
> My apologies. Would you care to post a link to an auction where you think
> this is happening?
I only ever noticed it by accident when checking their prices a few weeks
ago. My point was that the auction method to which the original poster
referred is not unique to one particular seller. How Rails conduct their
auctions is not really any of my concern. I certainly don't have any
complaint about their methods.
(kim)
Fil Downs - 28 Feb 2005 20:09 GMT
<snip>
> eBay no longer allows reserves for items under £100 so this is now the
> only way of doing it.
Min reserve price is £50.
http://pages.ebay.co.uk/help/sell/reserve.html
The bids Kim speaks of could very well have been me. I very often blanket a
lot of Rails auctions with bids £40 - £55 range (on locos that are retailing
75-100) and usually choose a price (with a few pence added) for the evening
and use that throughout :)
Out of several hundred of these sort of bids I've only ever won a couple
though!
~Fil
PS. Oh, and the only connection....happy customer...blah-di-blah etc....