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Car Forum / Antique and Collectibles / Studebaker / November 2007New ebay policy
Just noticed ebay is experimenting with a new bidding policy. Before if you bid say 10K on a auction starting at $100, the bid would only advance one increment to $150. Now it will advance to 70% or so of your proxy as long as it's below the reserve, or 7K.  SignatureJP/Maryland Studebaker On the Net http://stude.com My Ebay items:http://www.stude.com/EBAY/ 63 R2 4 speed GT Hawk 63 Lark 2 door 62 Lark 2 door 60 Hawk 58 Scotsman 53 Starliner 52 Starliner 51 Commander 39 Coupe Express 39 Coupe Express (body) > Just noticed ebay is experimenting with a new bidding policy. Before if > you bid say 10K on a auction starting at $100, the bid would only > advance one increment to $150. Now it will advance to 70% or so of your > proxy as long as it's below the reserve, or 7K. I can't say as I'm nuts about that, as a buyer... nate Signaturereplace "roosters" with "cox" to reply. http://members.cox.net/njnagel So it's less of an auction now and more of a point of sale. I see this as something that could backfire... instead of buying something for $3000 or $4000 deal through increments, you're now committed to spending at least 70% of your bid and not so good of a deal. I'm sure sellers will love it, buyers will hate it. Lee > Just noticed ebay is experimenting with a new bidding policy. Before if > you bid say 10K on a auction starting at $100, the bid would only advance > one increment to $150. Now it will advance to 70% or so of your proxy as > long as it's below the reserve, or 7K. Once bitten by this new rule, wouldn't Buyer's resolve to bid only in increments - or even purchase one of those Snipe software packages. It makes the whole "auction" concept feel tainted. If Ebay futzes with their formula, it will give others a chance to take market share. I know as a Buyer, I feel betrayed by this action. Rich Richard Morris Renton, WA 1964 Avanti R-1 #5367 1990 Avanti 4-door #78 They are only trying it on a few auctions as a test, not a firm change yet. A few years back, your full proxy was bid if it was under the reserve.It makes the auctions move up faster. > Once bitten by this new rule, wouldn't Buyer's resolve to bid only in > increments - or even purchase one of those Snipe software packages. [quoted text clipped - 8 lines] > 1964 Avanti R-1 #5367 > 1990 Avanti 4-door #78 SignatureJP/Maryland Studebaker On the Net http://stude.com My Ebay items:http://www.stude.com/EBAY/ 63 R2 4 speed GT Hawk 63 Lark 2 door 62 Lark 2 door 60 Hawk 58 Scotsman 53 Starliner 52 Starliner 51 Commander 39 Coupe Express 39 Coupe Express (body) |
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