Scratching my head at this auction

pcgs69

Was bored and glancing through completed ebay auctions. Saw a 1799 Dollar NGC XF40 sold for $6000. Pretty steep in my eyes.



Completed eBay auction for 1799 $ NGC XF40 for $6,000



Noticed that there was only one bidder who brought the price from $4,500 up to $6,000. Maybe it's possible there were "house" bidders since it's some kind of Live auction. Seller has a sweet 94.9% positive feedback rating.



So I checked out the bidder's activity over the past 30 days and they have 1.5 million bids? Is this some kind of Live bidding software?



Just checked active listings and that same 1799 dollar is listed again. Was $6,000 for a $4000 (or so) coin not enough?



Same coin relisted



For those who don't want to click on links, here are screen shots:

Zoins

Originally posted by: pcgs69
So I checked out the bidder's activity over the past 30 days and they have 1.5 million bids? Is this some kind of Live bidding software?

50,000 bids per day is pretty impressive. There are 86,400 seconds in a day so that's one bid every 1.728 seconds with no sleep or time off, for 30 days in a row. Wow!

grip

Auto shill bidder?

JCLIGHTBRIGADE

Sounds like a bid bot.

Walkerfan

This is the work of a machine.



Not human.

morgandollar1878

If you check their feedback and look at all the items that they have sold, the same "bidder" is on every auction item just like the one in the OP's post. Looks like an auto shill to me. IMO these auctions are a joke and a complete ripoff if you are the winning bidder.

morgandollar1878

Also just found that the same item is up for auction again. Winning bidder backed out maybe?? Link



Of course I need to read the whole post as it is already known.

TopographicOceans

These are eBay Live Auctions. eBay bidders online are competing with live floor bidders and all of eBay users in these live auctions get lumped together as a single user.

So there are many bidders, but all get logged as a single bidder, and the 1.5 mil bids represent all of the bidders in eBay's Live Auctions.

ricko

Something is not right... Perhaps I just do not understand, but it 'seems' like some sort of

shill bidding... anyway, I do not like auctions. Have participated in online and live auctions and there is a reason people auction products... usually they garner higher prices. Then of course, there are the fees.... Now I just buy live, from people, for a quoted price. Cheers, RickO

LindeDad

Done by the potted Palm in a real auction.