eBay bid retractions
coiner
Posts: 694 ✭✭✭✭
What’s the deal currently with eBay bid retractions? I’ve seen a huge increase in bids on auctions or offers on BIN items and then calcellations or retractions of those bids/offers minutes later.
Sometimes offered and retracted multiple times. I understand someone trying to figure out the high bid on a coin in order to snipe it without a nuclear bid—but sometimes it’s on a coin without bids or an offer on a BIN….
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Seems like there might be an uptick in bad/classless buyers. They have always been around but something must be drawing more of them out (or maybe the good buyers are just dwindling and so the remaining bad ones just stand out more).
I started a thread about this a couple weeks ago. We determined nothing. Lol.
I thought maybe ebay made it easier, but I have no confirmation of that.
Not sure of the reason why the bidding then retractions are increasing. But... I would certainly prefer they retract the bids instead of winning the auction and then not following through...
i had communication with a buyer about them buying 3 of my items. one bin and two auction. did one bid retraction and let the other one run. i came VERY close to stopping the transactions altogether but experience told me to just let it play out. i did. kept busy with other things. the time came, bidder paid for other item. i shipped them yesterday.
that one doesn't happen often.
Totally agree. I don't care at all about bid retractions.
The only down side is people thinking that you're shilling.
Perhaps petty, yet I instantly block every bid retraction received.
They're rare, yet head-scratching as to why bidders do so.
I don't want to play in the same sandbox as those individuals.
I don't run auctions anymore but anyone who makes a purchase from my eBay store and then requests to have the transaction cancelled gets blocked.
The only reason I can think of why more retractions is less bidders/buyers means a bigger percent will be the pests.
Odd statistics. Why wouldn't the pests decrease at the same rate as the buyers?
With a larger pool of interested parties, a pest won't pester if he/she sees the item is already bid up or sold. You still get the sale but not as many interested parties. So smaller pool of potential buyers but as a percentage high amount of scavenger/pests.
Perhaps heard of it but never spent time research.
I seldom do auction sales so probably not experienced it. How easy for them do that? When did eBay allow this? About the time our sales decreased? Could be some tech guy w bidding multiple auc one item he wants buy? Why not use auc sniper? What a kick in the gut to seller somebody retract one’s bids when their item about to sell.
sign of a downturn in prices
Exit bunker, enter Matrix. LOL
I sold 3 walkers to the same buyer and a week after they received them the order was returned and said the reason was they didn't mean to order them.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
I have been burned big time on them and another scheme. Looks very organized. I no longer auction coins on there with my old 99c open with no reserve and free shipping. Had some Morgans and other certified coins listed that way. Looked like they used three bidders: the winner at the opening bid and two others who bid it up high enough that nobody else would responsibly enter the bidding. I have then seen account closures and bid retractions right before the close, collapsing it down to 99c at the hammer. Less than face, far less than melt, and obscenely less than the numismatic value of a BU graded slab. EBay will do nothing but expect it to be delivered to the winner.
Got some garbage from their system as a buyer too, but will maybe post that experience in the Daniel Carr thread. Pretty much done with eBay. They don't even care that they are getting lower fees as a result nor that they will lose a user who has been with them since 1996, 100% positive feedback, and spends five figures monthly.
I've always thought that bid retractions 'trash' your item. Subsequent bidders will think that the retractor contacted you with questions, received more detailed photos, or otherwise knows more than the rest of the public about this item. It's trashed.......
I agree with this^^
I have this theory that when a downturn of prices starts, the “low ballers” show up in force. Why is it every time the market becomes slightly illiquid these bottom feeders show up with a few bucks in their hands trying to buy at 50%.
I always have turned them away at shows in the past, stating “it can rot in my case” but I’ll never sell for that price.
Very true.
I think “low ballers” are ever-present, regardless of how weak or strong the market is. And I’m not convinced that their herd thins out in good markets.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Wow, thats downright scary.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
The retractions went up in the middle of a very hot sales year. It did not correlate to a slow down. It's been going on all year not just recently. [Not that I've seen any recent price decrease either.]
I have lots of fixed price listings there but have not done auction with them in ages. That being I got burned. As far as the auction buyers playing games with retracted bids / they are there just to steal. So I could list a bin at cost plus 5 pct it still may not sell bc of the bid retraction scum.
I just wonder when eBay enabled that bid retraction nonsense. Shows I do much better. They can’t play their games.
I don’t remember a time when bidders couldn’t retract bids, under certain conditions - it’s nothing remotely recent.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Ok thanks.
Generally if I do auction on the bay I start them some small pct (5-10-15 pct) behind bid or melt. To risk averse start at 99c. So if it (bid retraction) happened to me I probably did not notice - wb on lookout next time.
Normally an ebay bid is retracted because the bidder found a lower price. Is that not a sign of a downturn in prices? LOL
Exit bunker, enter Matrix. LOL
Sounds to me like drunk bidders that sobered up and realized hey should not have bid on items. Cheers, RickO
Assumes facts not in evidence. I don't know why they are retracting.
Further, finding a cheaper price is a sign of poor upfront research, not a slide in prices.
Apologies, forgot that you are the forum "gotta have the last word guy."
one more post and the thread is all yours. LOL
Exit bunker, enter Matrix. LOL
My bids off AS. More often than not I lose as they bid it up over what I was offering. Other items I will win as put in high bid.
You asked him a question and he answered it.
And I was slapped down for it. I bet his dog never learned to pee outside.
It's funny when people say that. Anyone who says that must actually BE the "last word guy" since they get mad if they aren't.
A good percentage of blocked bidders in my list are a result of retracted bids.
Some people seem to prefer to not have their opinions questioned and bringing up "the last word" is one way to passive-agressively attempt to shut down the conversation.
I haven't done ebay in two years.
But, if your aunt died, you were unsure of what key to push or your child went wild....
You are blocked from my site. I don't want you in my life.
Nothing personal.
I haven't made too many sales on eBay (just over 90), but this past summer I had my first experience with a retracted bidder. I assumed that if the winner retracts their bid, then the second highest bidder will be named the winner. But when the winner retracted a bid on my auction, the lot was marked as unsold. I prefer to sell directly through PayPal anyways...
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I didn't realize someone could cancel a BIN item. I don't sell on eBay but do buy but never canceled on a BIN item before or after my offer was accepted. My guess is an excited, spontaneous bidder/buyer who then checks the guide prices after the fact.
Pocket Change Inspector
A buyer can't actually cancel a BIN item but can request that the seller do so. Of course, since the seller has no way to make the buyer complete the transaction, it ends up being pretty much the same thing.
Retracted bids never bothered me that much, but I have not experienced what @alefzero has. I just block them and forget them.
I does bother me when winning bidders change their mind, eBay is a trip.
If it was an "OFFER" which was retracted, then it wasn't a BIN that was cancelled.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
which is more annoying, retracted bids or retracted offers?
i let most of this stuff just roll off and i move on about my day but if i sit down a think about all of them, i think there are retractions and NPB than i really give credit for but at the time it happens i usually make an assessment and decide to put someone on my blocked list. i usually clear it out every 6-12 months. it mainly just tries to minimize any drama at the time period the stuff happens.