Quote:
Originally Posted by itjclarke
When you retract, I'm 90% sure it retracts any/all prior bids on the item. So in your story, if the potential shiller retracts, it goes back down to the next highest bidder's bid below your max. That said, if the seller and shiller(s) are in cahoots, they could just have someone re-bid it back up to your max. For these reasons, I typically never place my max bid early in the auction.
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Or, the buyer retracts their bid in an effort to get you scared and think you are being shilled. At which time you retract your bid also and the retractinator now has a clear path to bid and win the item at a much lower cost.