Quote:
Originally Posted by Brent Huigens
[/LIST]As pointed out by many of you, 25 is indeed a very high number of bid retractions to be considered reasonable in a six-month period. It stands to reason that any bidder who is bidding with discipline and control should have very few justifiable retractions. Brent and I put great consideration on how we would roll out this process. Truly, if we placed the threshold at something lower like 10 or 5, we feared it would be too much of a drastic change. Ultimately, our goal is not to punish bidders, but rather to inform users of the rules as we believe in due time bid retractions will diminish.
We are starting with 25 as the threshold to help get the word out. Starting in Q1 2017 it will be reduced to 10, and later in 2017 it may be reduced to 5.
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If a bidder should have very few justifiable retractions, as you state, then why start at 25? Drastic change! Don't want to punish! They should be punished, they are crooks for goodness sakes.
Couldn't you send out 1 more email, I get multiple emails from you every month, as I guess most of the people that bid or have bid in your auctions.
It wouldn't take much, just a sentence or two. You are welcome to use the following.
If you have 10 bid retractions in the last 6 months you can't bid in our auctions, effective immediately.