Quote:
Originally Posted by HRBAKER
Steve,
If the opener is $4.99 and a legitimate bidder puts a proxy bid in of $65 and is the only legitimate bidder but is driven to say $50+ by a series of "shill" bids and then I snipe and win it for say $55 - I would say my price was adversely affected by a shill even though I sniped.
Extreme example I know.
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That's not how the proxy bid works. If a legit bidder places a $65 proxy you can't win it for $55. The bider who bid $65 would win for 55+one increment.
Steve B