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Ebay bidding situation help

Last night I had bid on a coin and backed it up with another bid, while already ahead. I did this because I knew that I was not going to be around when the auction ended. So, I ended up winning the auction at a price identical to my maximum bid. But, I received an email notification a few minutes prior to the listings end stating that there had been a retracted bid, blah, blah, blah. When I got home, I looked at the bidding, and someone with 1400+ feedback started bidding at $2 increments about 5 minutes prior to auction end, until they ended up bypassing my bid. Then they filed for a bid retraction. And the reason for the retraction...."entered wrong amount"!! Yeah right. Does this seem to be grounds for partnership/shill bidding? If so, how do I go about reporting this?
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Comments
mbogoman
https://pcgs.com/setregistry/collectors-showcase/classic-issues-colonials-through-1964/zambezi-collection-trade-dollars/7345Asesabi Lutho
1) If the bidder retracted his bid then all of his bids should have been retracted not just the last one.
2) You are not allowed to retract bids with in 6 hours of the auctions end.
You should call ebay customer service and request the auction be voided as they did not follow their own rules.
Chris' Complete Lincoln Variety Set 1909-date
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>Next time use a proxy bidder. >>
What is a "proxy bidder" and how would that have effected the out come here?
Chris' Complete Lincoln Variety Set 1909-date
<< <i>Smells very fishy to me. I would contact Ebay before I paid anything. >>
I agree, especially after seeing the auction link. Everything happened as you said...someone was out there actively working to find your max bid and then once found, they retracted the one that would have beaten your max. Don't pay a dime
this is why I wait until the last 10 seconds to throw in a manual bid that is equal to the highest amount I am willing to pay for the coin. If I don't win, it's because I would have had to pay more than I'm willing to pay.
edited to add: You might contact the seller and inform him there will be a delay in payment because "you believe ebay messed up the final bid because of the bid retraction from another bidder" and that you will be calling them to straiten it out. This way you make no accusations directly to him and if he is guilty of shill bidding he will be getting right back to you (to avoid shining a light on the transaction with ebay) with a resolution that will probably be to your advantage. I'd still call ebay.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Oh I get the logic for waiting to the end. I never suspected that someone would be this blatant about it. I have had this happen before, but in slightly subtler ways, where a little digging was required to spot it. The retraction is like leaving the glove behind at the scene of the crime....
Chris' Complete Lincoln Variety Set 1909-date
No Way Out: Stimulus and Money Printing Are the Only Path Left
Chris' Complete Lincoln Variety Set 1909-date
In honor of the memory of Cpl. Michael E. Thompson
No Way Out: Stimulus and Money Printing Are the Only Path Left
This...and if you can't be there for the end of the auction, so be it. There'll be another one of these come around in no time.
Chris' Complete Lincoln Variety Set 1909-date
Again, I thought a bidder can not retract a bid that close to auction end.....Any other comments on this?
ETA:
He can only retract a bid if "Wrong amount" was significantly wrong, such as $90 instead of $9.
In his case he went from $64 to $66. You can easily make the case by his small bidding increments that there was no "mistake".
I would call the ebay rep and clearly desribe what happened.
......I collect old stuff......
<< <i>Again, I thought a bidder can not retract a bid that close to auction end.....Any other comments on this? >>
If the listing ends in less than 12 hours you can retract the bid only if you retract the bid within one hour of placing it.
Ebay bid retraction policy here
<< <i>Again, I thought a bidder can not retract a bid that close to auction end.....Any other comments on this? >>
the comment i have is that the time ended and time of the last bid seem around 6 hours apart, no?
remember people, you can always return an item. if you think someone is up to no good, it is a good route to go as it makes it harder/longer for them to submit a second chance offer and/or re-list item(s) once you drag out the 14 day return policy.
it is dirty and while i don't practice these things doesn't mean i can come up with some doozies.
also when someone retracts a bid i'm pretty sure it is against policy to NOT enter another bid.
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that a sham. I would be upset also.
He can't really do anything to make you pay. In fact, I'll start a thread on what happened to me. Watch for it. --Jerry
<< <i>Sorry but your story does not make sense.
1) If the bidder retracted his bid then all of his bids should have been retracted not just the last one.
2) You are not allowed to retract bids with in 6 hours of the auctions end.
You should call ebay customer service and request the auction be voided as they did not follow their own rules. >>
<< <i>That's exactly why I never do it. I may place a small bid to "hold my place", but will never bid high and let some other idiot keep bidding until I am at my limit. It's all about the snipe. If it's over my bid at the time, no problem. >>
"Inspiration exists, but it has to find you working" Pablo Picasso
The name is LEE!
Hello. I will be delaying payment for this item. I believe that eBay did not value my final bid properly due to the bid retraction coming in from another bidder near the end of the auction listed. I will be contacting eBay to get this sorted out, and you should receive payment once I receive a satisfactory explanation.
Sorry for the inconvenience.
Chris
Seller's Response:
Hello Chris,
No problem as I see what you mean. I would ask that they eat the difference from the bidder's last bid if I were you and I think they will oblige.
Thanks, H***
Not what I anticipated. Yes, it is a only a $10 event, but it is more about principle, and my general frustration with eBay both on the buying and selling sides lately!
Chris' Complete Lincoln Variety Set 1909-date
No Way Out: Stimulus and Money Printing Are the Only Path Left
Chris' Complete Lincoln Variety Set 1909-date
I will sometimes be heavy bidder on a person, as I am trying to win a bunch of items and save on shipping costs.