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Shill bidding?

 
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bigal


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Joined: 07 May 2008
Posts: 434
Location: MA. USA

PostPosted: Sat Jun 07, 2008 3:49 pm    Post subject: Shill bidding? Reply with quote

I understand the basics of shill bidding but don't the seller face buying back alot of his machines
Would seem to add alot to his cost basis between listing and final fees.

I've noticed items sell and then seller has it relisted so assume shill bid won the item.

I myself then refuse to consider placing a bid or even watching item.
Having said that if it's really rare I then consider it a retail priced item and have to determine a maximum price I'd pay.

I'd really rather just avoid the item--just subborn  
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Sandman


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Joined: 19 Jul 2006
Posts: 8653
Location: Ayrshire Scotland

PostPosted: Sat Jun 07, 2008 3:53 pm    Post subject: Re: Shill bidding? Reply with quote

bigal wrote:
I understand the basics of shill bidding but don't the seller face buying back alot of his machines
Would seem to add alot to his cost basis between listing and final fees.

I've noticed items sell and then seller has it relisted so assume shill bid won the item.

I myself then refuse to consider placing a bid or even watching item.
Having said that if it's really rare I then consider it a retail priced item and have to determine a maximum price I'd pay.

I'd really rather just avoid the item--just stubborn  


Nothing stubborn about it.

These people are no more than thieves.

I would not buy on principal either.
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tmuir


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Joined: 01 Aug 2006
Posts: 14468
Location: Western Australia

PostPosted: Sat Jun 07, 2008 5:22 pm    Post subject: Reply with quote

The seller gets out of the fees by cancelling the sale which you can do without penalty if both buyer and seller agrees on it, which obviously they would if it was the same person.
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Nick


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Joined: 15 Dec 2007
Posts: 7232
Location: Minnesota, USA

PostPosted: Wed Jul 09, 2008 6:11 pm    Post subject: Reply with quote

What is the best way to spot shill bidders on ebay?
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bessytractor


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Joined: 31 Dec 2006
Posts: 2432
Location: Chertsey, Surrey

PostPosted: Wed Jul 09, 2008 9:36 pm    Post subject: Reply with quote

you can't easily now that Ebay have prevented peeps from viewing detailed item bid history.
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johnreid


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Joined: 06 Sep 2007
Posts: 11064
Location: Friendship Indiana, USA

PostPosted: Wed Jul 09, 2008 9:55 pm    Post subject: Reply with quote

There is no easy way to prove it however I do know of a few instances where friends did it to keep an item from selling too cheap ( one time was a $3000 guitar that had $50 on it with 30 seconds left and his shill friend was the winning bidder at $51 it would have been devastating if the guitar sold that cheap, a good reason for a reserve ) However most often it is a ploy to get more for an item.
Ebay is where many people have an opportunity to both show their best side and their worst side. The anonymity allows people to do all kinds of things.
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paul_c


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Joined: 28 Aug 2007
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Location: Australia

PostPosted: Thu Jul 10, 2008 12:01 am    Post subject: Reply with quote

Some people have very few morals and as was said previous the tight ***&&&%%$$ should use a reserve.  Unless of course Ebay knock reserves on the head.
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johnreid


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PostPosted: Thu Jul 10, 2008 12:34 am    Post subject: Reply with quote

He listed the guitar again a few weeks later and got a little over the $3000. To be honest, I probably would have done something like that if it was me as taking a loss of three thousand dollars would be a killer.
I really do not know why people sometimes dont bid on auctions that have a reserve, when I do a reserve auction I usually tell what the reserve is in the description. Just like a low starting price will get the ball rolling, but puts a lot of risk for the seller and the low starting price isnt always to avoid Ebay fees..
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Mister Occlusion


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Joined: 28 Jul 2007
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PostPosted: Thu Jul 10, 2008 2:51 am    Post subject: Reply with quote

In the end all you can do is bid no more than you want to pay.  Of course I've paid more than I had to for a number of items because at the time I did not know how rare they *weren't* or did not have the patience to wait for the right one.

Nothing to do with shill bidding in my case(s), though.  Just personal stupidity.

But still, if it's not a one of a kind item, wait for another to come by.

They always will..
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logoman


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Joined: 14 Jun 2008
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PostPosted: Thu Jul 10, 2008 8:05 am    Post subject: Reply with quote

I think Shill bidding is relatively rare.
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Wallace


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Joined: 19 Jul 2006
Posts: 11349
Location: New South Wales, Australia

PostPosted: Thu Jul 10, 2008 8:57 am    Post subject: Reply with quote

I agree with Mark. Only bid what you are happy to pay.

I get suspicious when I place a bid on, then you see another bidder putting on small bids, repeatedly, until they beat your bid.

I had that happen once, and that bidder ended up winning the item. A few days later it was relisted due to the reason of non paying bidder. I looked at the NPB's feedback, and nothing was left, so I say a shill bidder.

Used to see shill bidding a bit, and possibly it's increased since the hidden bidder system.

Closest you can come to checking is click on the bidder, and check the bid activity with this seller %.
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