Quote:
Originally Posted by DezHood
Thanks D.P - I'm not so sure though....
If the first and only bid is $50 and the starting bid was .99 (99 cents), if there was only one bidder at 50, the auction shows 99 cents until someone "pushes up" that bid. So once the $100 is retracted, I would think the current leading bid goes back down to 99 cents. If the shill bidder now placed a bid at 49, the legitimate bidder would become the high bidder at 50. So the shill drove up the price, but avoided winning.
Anyway, this is just my example - interested in hearing real stories on why people get concerned when they click on a bidder and it shows a high percentage of bids with same seller and a high number of retractions - just trying to work it out in my head. Thanks.
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Yes, the way you explained it in your second post is correct...There are quite a few posts on this board regarding shill billing and bid retractions...