RE: [CR]"Bidding against yourself" on ebay

(Example: Framebuilding:Tubing)

From: "Tom Martin" <fatcogtom@comcast.net>
To: <beandk@rcn.com>, <classicrendezvous@bikelist.org>
Subject: RE: [CR]"Bidding against yourself" on ebay
Date: Tue, 25 Jul 2006 19:59:24 -0700
In-Reply-To: <001601c6b039$b9ff7970$8f7ba8c0@dkbwin2k>
Thread-Index: AcawXozg1073EQLGQJCbmgRjSa50EAAAKk7w


That doesn't spound too much like market manipulation. Is this the same behavior that got jeffry skilling, martha stewart and all the others in so much hot water 5 years ago? Remind me to never buy from you on ebay.

Tom martin Oakland CA

-----Original Message----- From: David Bean [mailto:beandk@rcn.com] Sent: Tuesday, July 25, 2006 3:29 PM To: classicrendezvous@bikelist.org Subject: [CR]"Bidding against yourself" on ebay

The ebay system doesn't allow you to bid against yourself. If your $10 bid is winning an auction but you're worried someone else will steal it from you, go ahead and put in another bid of $100. If no one else bids, you'll still win it at $10. It's just another way of raising your MAXIMUM bid. It can be useful to get your foot in the door at a low price (so the auction can't be closed) and then, at the last moment, put in a much higher bid.

David Bean
Arlington, MA