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| Thread ID: 51613 | 2004-11-25 09:37:00 | Loshings - Auto bid complaint | drb1 (4492) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 296339 | 2004-11-26 04:34:00 | The market value is "what a willing buyer will pay a willing seller." If I set a reserve price on something I am selling, that is the price at which it becomes worth my while to sell the item. The bidders might not think it worth that much to them. That's up to them. I don't have to sell it at below my reserve price. That's up to me. There is a big difference in the environment of a real auction and an Internet one. The visual cues are missing for a start, and it's much slower. But the buying method is the same: "How much is that item worth to me? I will bid that much. If someone wants to bid more, they obviously think it's worth more than I do. Good luck to them. There'll be another auction". |
Graham L (2) | ||
| 296340 | 2004-11-26 04:42:00 | >> "If your auto bid is greater than the reserve then a >> bid is placed for you that is equal to the >> reserve". > I honestly don't believe that to be true. I sell around 10 items per week on Trademe, and buy about 5 per week, and I can guarantee that this is what I experience in terms of autobid behaviour. If I auto-bid $100, the reserve is $50 - then an automatic bid of $50 will be placed. That, people, is exactly how I want auto-bids to function. And the horrible unfairness is??? Cheers George |
george12 (7) | ||
| 296341 | 2004-11-26 04:45:00 | Ect > > But the buying method is the same: "How much is that > item worth to me? I will bid that much . If > someone wants to bid more, they obviously think it's > worth more than I do . Good luck to them . There'll be > another auction" . > Graham, the way the odds have been slanted it makes it harder to set the negotiation field, and its all in Scamme's favour . The autobid function as it stands, is usless as a real Auction buyers tool . D . > > |
drb1 (4492) | ||
| 296342 | 2004-11-26 04:51:00 | I have used TradeMe quite a bit and don't see how some people can keep calling them ScamMe?? Fair enough that there are people who trade on TradeMe who might be scammers but this can't be blamed on TradeMe. It's a risk you take when you buy something online. I think the security features that they have in place work very well. (And I have been scammed once before!) Now I'm just more careful about who I buy stuff from. In regards to the autobid feature I use it all the time and it has worked exactly how I expected it to. Maybe in this case, when you put in your autobid and it was above the reserve, someone else came along and put in a bid that was the same amount so your autobid automatically shot to your top amount and you then led the bidding because you put your bid in first. You don't see this on the bids list, all you see is your top amount showing as the winning bid so you might think that TradeMe has automatically put in your top amount. |
CYaBro (73) | ||
| 296343 | 2004-11-26 04:55:00 | > > > "If your auto bid is greater than the reserve then > a > > > bid is placed for you that is equal to the > > > reserve". > > > I honestly don't believe that to be true. > > I sell around 10 items per week on Trademe, and buy > about 5 per week, and I can guarantee that > this is what I experience in terms of autobid > behaviour. > > If I auto-bid $100, the reserve is $50 - then an > automatic bid of $50 will be placed. That, people, is > exactly how I want auto-bids to > function. And the horrible unfairness is??? You have no real world long term Auction experience, If you did you would know it was not about winning, but winning as cheaply as possible. The profit is in the buying, every time you pay $1-00 more than you needed to, you are giving away $1.33. Every $1-00 higher your under reserve bid is weakens you bargining position. This applies more so when dealing in $100,000.00 volumes of course. D. D. |
drb1 (4492) | ||
| 296344 | 2004-11-26 04:56:00 | What "negotiation field"? It's a bloody auction . :O The highest bidder (over any reserve) wins . Trademe takes a commission on any successful sale . If you don't bid above the reserve, you aren't buying by auction . If it's not worth (to you) the amount of your bid, don't bid that much . It's perfectly useful as a buyer's tool . READ THE EXPLANATIONS . |
Graham L (2) | ||
| 296345 | 2004-11-26 05:06:00 | > You have no real world long term Auction experience Yeah yeah, so what. IMO a year or two is quite enough to get the feel of how Trademe works! CYaBro and Graham I agree fully. Autobid is designed to help you WIN by getting OVER the reserve as CHEAPLY as possible. If you do not wish to win over the reserve, but would rather win UNDER the reserve, and chance it that the buyer will make an offer (about 20% do in my experience) you can - just don't use autobid. Autobid is supposed to make you win by getting it OVER the reserve, so it is not left to offer. Cheers George |
george12 (7) | ||
| 296346 | 2004-11-26 05:07:00 | Graham, If the reserve is 100 and you bid fifty you may get an offer of 75. In the real world vendor and emptor can discuss the situation and reach a compromise. Scamme only has the blunt offer sale killer, once from the vendor, but the same still applies, vendors who listen to the market may lower their offers accordingly. Going straight to maximum under reserve weakerns the buyer, and much more importantly, lines Scamme's pocket. D. |
drb1 (4492) | ||
| 296347 | 2004-11-26 05:10:00 | > Going straight to maximum under reserve weakerns the > buyer, and much more importantly, lines Scamme's > pocket. How can it do this?? ?:| If the highest bid is under the reserve then there is no sale and TradeMe don't get any money. (Except for what the seller paid to have the item listed) |
CYaBro (73) | ||
| 296348 | 2004-11-26 06:01:00 | > > Going straight to maximum under reserve weakerns > the > > buyer, and much more importantly, lines Scamme's > > pocket. > > > How can it do this?? ?:| If the highest bid is under > the reserve then there is no sale and TradeMe don't > get any money. (Except for what the seller paid to > have the item listed) The buyer is weakened, because the seller sees the figure closer to reserve, so may not make a lower offer, or an offer as low as they may have if the top bid was lower. This lines Scammes pocket. A sale is just beginning when an item does not sell for reserve, it has not ended. Over the years I have brought over 10,000 items through Auction, over 60% of these were buy "NEGOTIATION". Because top bid was under reserve. D. |
drb1 (4492) | ||
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