One more reason to always snipe....

flaminio

Check out this Bid History: Link

Apparently, the seller was unaware of eBay's new rule that you can't cancel an auction with less than 12 hours to go. I'm sure he's plenty steamed, but not nearly as much as rgremb who had his (potentially) winning bid canceled out from under him. Mad props to the winner, however, for sneaking in on this one.

Sequitur

Apparently, the seller was unaware of eBay's new rule that you can't cancel an auction with less than 12 hours to go.

When did this become operative? And I assume this means it's the end of a seller cancelling an auction, say, in the last half hour because the seller thinks the action is too slow. If my assumption is correct, this is a great rule.

coynclecter

I don't get it

Why cancel your bid due to "not enough bids"? Unless you're a shill

DrWho

I believe this rule was effective last week. And I was also looking for the unwary seller caught in the change. Didn't catch any. The message on the bid cancels was a very ignorant way for the seller to say: "I'm not getting enough on this", in an effort to shut down the auction. I assume, but could be wrong, that the seller will eat the loss. Or maybe not(!)

Barry

The seller shot himself in the foot. The winning bid was about $25 lower than one of the bids he cancelled.

zzzz

The seller goesby on Ebay as: "Banknote1"

Seller information
banknote1 ( 723)
Feedback Score: 723
Positive Feedback: 99.7%
Member since Mar-20-99 in United States

It does seem he cancelled a couple of shill bidders ... IMHO ..

relayer

Maybe "My shill is high bidder" should be a cancelation option?

But this guy canceled the 2 bids at 3:30 PM when it was at $102.50

Then when he found out he couldn't end the auction early anymore he probably

bigtonydallas

HE SHOULD HAVE HAD A FRIEND BID ON IT AT HIS MINIMUM-$1.

RGT

That winner would be me. The seller has already posted positive feedback for me and informed me that the coin has been shipped. Time will tell, but I suspect he is honoring the sale. I haven't received any hate mail from the "real" high bidder yet.

Bochiman

I love it!
I love it!
I LOVE it!

Heh....you sell then you keep it to the end.
I am seeing a lot of "seller has ended the auction earlier since the item is no longer for sale" and cancelling bids to do it, so, I am happy to see when this happens.

coynclecter

Ok how about this, what if I see a coin worth 1000. I bid 50 bucks and have 2 shills run it up to 1200 to scare off all bidders. They both cancel 10 seconds before the auction ends and I'm left as hi bidder at 50 bucks. Does this work?

BAJJERFAN

Yeah!! What a great idea.

Conder101

<< <i>Ok how about this, what if I see a coin worth 1000. I bid 50 bucks and have 2 shills run it up to 1200 to scare off all bidders. They both cancel 10 seconds before the auction ends and I'm left as hi bidder at 50 bucks. Does this work? >>


Yes it does, and it has been done.

Theop

<< <i>Ok how about this, what if I see a coin worth 1000. I bid 50 bucks and have 2 shills run it up to 1200 to scare off all bidders. They both cancel 10 seconds before the auction ends and I'm left as hi bidder at 50 bucks. Does this work? >>



This is called Bid Shielding.

Here is a quote from ebay's site for it:
"eBay will thoroughly investigate bid retractions. Abuse of this feature may result in the suspension of your account. Bids retracted within the last 24 hours of listing can be viewed as bid shielding, which is a serious violation of our policy."

I am sure they keep busy "thoroughly investigating" bid retractions.