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Koufax Ticket

MLRMLEOMLRMLEO Posts: 269
in Trading Cards & Memorabilia Forum
http://www.ebay.com/itm/360916609298?ssPageName=STRK:MEBIDX:IT&_trksid=p3984.m1426.l2649 Check out this Ebay bidding. Note the 0 rating and the retraction!

Comments

  • otwcardsotwcards Posts: 5,291 ✭✭✭
    What I don't understand is the necessity of some people to place bids on items that either they have no interest in winning or no ability to pay for if they win. I think it is just so that they can have a moment in the sun with the high bid and they then hope that they get outbid or when it looks like they may not, they retract. It really makes others look at the auction and question whether the bids are legit and obviously makes some suspect that the seller is shilling. Sadly, there isn't much that can be done given the way eBay's platform operates.

    Unless it is something that is commonplace with specific sellers, I really don't pay it much concern, but I understand why others might.

    Now, if eBay required some sort of an escrow or credit balance to cover any such bids in excess of say $5K or $10K, I think you'd see a lot less of this on the higher end auctions.
  • MLRMLEOMLRMLEO Posts: 269
  • MLRMLEOMLRMLEO Posts: 269
    Looks like ebay took the 0 bidders bid out and brought the bid back to $1125. Of course now we know what the high ceiling is of the currant bidder.
  • CocoaBeachDodgersCocoaBeachDodgers Posts: 750 ✭✭✭
    I think this is a separate account one of the bidders has set up with the only purpose of seeing what the ceiling price is.
  • DodgerfanjohnDodgerfanjohn Posts: 491 ✭✭✭


    << <i>I think this is a separate account one of the bidders has set up with the only purpose of seeing what the ceiling price is. >>



    Can someone explain this line of thought to me? Cause I don't understand it.

    In poker they have a concept of a donkey...someone who does irrational things or makes poor plays, and couldn't possibly explain in a rational manner why they do what they do.

    What exactly does seeing the top bid establish? Obv one has a ceiling of what they would pay. Why not just enter your highest bid late in te auction? If it's over that, it's over?
  • dytch2220dytch2220 Posts: 1,681 ✭✭✭


    << <i>

    << <i>I think this is a separate account one of the bidders has set up with the only purpose of seeing what the ceiling price is. >>



    Can someone explain this line of thought to me? Cause I don't understand it.

    In poker they have a concept of a donkey...someone who does irrational things or makes poor plays, and couldn't possibly explain in a rational manner why they do what they do.

    What exactly does seeing the top bid establish? Obv one has a ceiling of what they would pay. Why not just enter your highest bid late in te auction? If it's over that, it's over? >>



    Sets up the opportunity to enter a shill bid to bring the auction price up to near the limit of the top bidder's maximum. Could allow the seller to un-list the item if he didn't think it was going to get a strong enough price also.
    The N8 Collection: PSA Registry Sets & Showcases
  • vols1vols1 Posts: 793 ✭✭✭


    << <i>

    << <i>I think this is a separate account one of the bidders has set up with the only purpose of seeing what the ceiling price is. >>



    Can someone explain this line of thought to me? Cause I don't understand it.

    In poker they have a concept of a donkey...someone who does irrational things or makes poor plays, and couldn't possibly explain in a rational manner why they do what they do.

    What exactly does seeing the top bid establish? Obv one has a ceiling of what they would pay. Why not just enter your highest bid late in te auction? If it's over that, it's over? >>




    If you can't win it, then the idea is to max out the other bidder so they won't come back.

    https://kennerstartinglineup.blogspot.com/

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