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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
296349	2004-11-26 08:45:00	I dont use Tradme but I am thinking about it so I have been watching this thread with interest. Have I missed something here. If there was more than 1 bidder using autobid then they would be auto outbidding each other untill everyone reached their limit, so the sale would go to the bidder with the highest limit automaticly.	i-gordon (962)
296350	2004-11-26 09:18:00	> I dont use Tradme but I am thinking about it so I > have been watching this thread with interest. Have I > missed something here. If there was more than 1 > bidder using autobid then they would be auto > outbidding each other untill everyone reached their > limit, so the sale would go to the bidder with the > highest limit automaticly. Thats a good if, very rare, but yes then each should increase by incriment untill the lowest of the two failed. Under the Scamme system, if reserve not met ,each auto bid would immediately be placed at their highest. Great for Scamme and the Seller. Auctions are wothless without good quality buyers, something harder and harder to find on Scammme. D. D.	drb1 (4492)
296351	2004-11-26 09:41:00	> Auctions are wothless without good quality buyers, something harder and harder to find on Scammme. Well, Trademe works great for me both buying and selling. I have no complaints. They do after all need to make profit, just like me, who uses it. At the end of the day, Trademe make their money and so do sellers, and buyers get products for whichever price they feel like bidding. Cheers George	george12 (7)
296352	2004-11-27 01:20:00	So you want to buy by auction without buying by auction? I can assure you that in the "real world" of auctions, goods are sold by auction. If bids don't reach the reserve, they aren't sold. Trademe's auction seems to me to be a reasonable approximation to the methods of real auctions. If the item is worth $X to you, bid that much. If you aren't prepared to pay that much, don't bid that much. I see classified advertisments in the newspapers, and there is at least one weekly paper which carries ads for secondhand goods. Usually prices are listed, but the vendors will negotiate. Why don't you try that, if you don't like the way auctions work?	Graham L (2)
296353	2004-11-27 06:25:00	> I can assure you that in the "real world" of > auctions, goods are sold by auction . If bids don't > reach the reserve, they aren't sold . Pretty broad statement to make . A clear example of where this wouldn't apply is obviously auctions for houses where reserves are too high and negotiations can be entered into . Lo .	Lohsing (219)
296354	2004-11-27 09:47:00	> I can assure you that in the "real world" of > auctions, goods are sold by auction . If bids don't > reach the reserve, they aren't sold . LO, People making statments like that must have no real experience of real world auctions, After going to them for over 30 years, all over the world for many different types of industry, I think I might Know a little, about how the real ones work 40% plus of sales are buy negotation . Thats of sales, not totall lots at Auction . I also question georges 20% will make an offer figure . I find it to be 80% will make an offer . (On Scamme) However, only 20% of them will be realistic . D . The Commenest words heard in Auction's in the real world . "Negotiate with you Sir" "Your number is?"	drb1 (4492)
296355	2004-11-28 01:28:00	A sale by negotiation is not a sale by auction . If the auction closes with no bids reaching the reserve, the auction has ended . 40%, 80% of sales by negotiation? Not in the auctions I go to . Perhaps there are incompetent auctioneers around . Most of the ones I know expect to knock lots down to the highest bidder . Real estate agents probably aren't very good auctioneers . ;-) "only 20% of them [offers] realistic" . ? Depends on whose reality you're talking about . The commonest words "Negotiate with you, Sir?" Wrong . The commonest words are "going, going, gone . " I remember an auctioneer suggesting "see me later" if the top bid is near the reserve about twice this year . That's in about 55,000 lots in the auctions I've been to this year . Not quite 40% or 80% . I've been going to auctions for a few years, too . Perhaps I might "know a little" . trademe are in the business of facilitating sales by auction . Therefore they handle automatic bids in a way that leads to completed sales which will satisfy the vendor and the buyer . Why don't you stick to Buy Sell and Exchange, if you insist on buying only by bargaining?	Graham L (2)
296356	2004-11-28 03:45:00	> A sale by negotiation is not a sale by auction. If > the auction closes with no bids reaching the reserve, > the auction has ended. Are we arguing with semantics or what? Lo.	Lohsing (219)
296357	2004-11-28 04:22:00	> Are we arguing with semantics or what? I don't think so. I usually stay well away from these sorts of "discussions" but this one is intriguing. TradeMe is an Auction site, and the Autobid is a tool to facilitate Auctions. Plainly, Autobid is not useful for "negotiation" but that is not what TradeMe is primarily there for. That is not what the Autobid is designed for. The issue that seems to have annoyed people is more to do with using something for a purpose for which it is not designed than something morally wrong. Graham L understands the issue well I believe. Others want to use an Auction arena as a negotiated sale arena. In that case, do not use Autobid now, its simply not now designed for that.	godfather (25)
296358	2005-11-30 22:22:00	This is what happened on a real auction quite recently. It was a $1res which was in the title, the bidding had got to $6.50, and it was very near the end of the auction. I put in an auto-bid max $8.50 and a bid was put on at $7.00 all fine. Then another person bid so my maximum bid on $8.50 was put on so they were forced to bid $9.00. Now I would have expected that when they bid they would goto $7.50 and then my auto-bid would goto $8.00. So the effect is that the other person won the auction at $9.00 when I should have won it at $8.00. So the seller and TM got an extra $ and I failed to purchase. I'm never going to use auto-bid again!!	croc (6453)
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