Quote:
Originally Posted by Brent Huigens
String Bidding:
- String Bidding is a new term we’ve coined to define a series of sequential bids at the eBay minimum bid increment. This practice can be perceived as bid manipulation because it increases the odds of a bidder exposing the maximum bid of another bidder without becoming the high bidder him or herself. Any instances of string bidding will be flagged and bidders warned and logged. Subsequent infractions may result in that user ID being blocked.
Thank you for your kind assistance in this process.
Betsy Huigens
PWCC Auctions, LLC
website: www.pwccauctions.com
betsy@pwccauctions.com
|
Quote:
Originally Posted by sushihotwings
I applaud the efforts made by Brent and Betsy. The one change I am somewhat concerned about in regards to discouraging legitimate bidders would be the "string bidder policy". I often use smaller bid increments for various reasons. As long as the bidder has no bid retractions (which I don't), I am not sure why I should be told how many times or how often I can bid and in what increment. I would rather not have my maximum bid amount hanging out there regardless of how confidential it is. Bidding smaller increments allows me to get a sense of what the winning bid might need to be in making a strategy for my top bid or a last second snipe. Most of the time so called "string bidding" doesn't result in matching the top bid, but actually puts you as top bidder at the smallest possible increment. As long as you pay for all your auctions without retractions, it seems unnecessary to regulate this part of the process and could result in discouraging legitimate bidders like myself resulting in lower auction prices and fewer participants.
|
Quote:
Originally Posted by Exhibitman
.Especially in light of the string bidding policy, which mistakenly targets a legitimate activity. I don't know if anyone at PWCC actually bids on items, but eBay (and especially the mobile app) offers one-touch incremental bidding. When I am on the road or it is close to the end of an auction I will often just hit the button repeatedly rather than trying to type in a number. I don't see how you separate the one-touch legit bidders from those fishing for a top bid. Now, if you blocked all bidders with 2 or more retractions in six months, you'd deter the retractors from playing a fishing game while allowing legit bidding activity with the one-touch platforms.
|
I was going to comment on this "String bidding" scenario when it was first posted but I wasn't sure, nor am I still, what exactly it means?
If I am wrong, please correct me.
My take is, it means bidding on cards incrementally until you find out what the highest bid is in order to become the highest bidder?
If that is the case, I do not understand the need for this to be regulated/policed. Numerous times, when I see a card I want that already has bids placed for it, I will enter the minimum higher to become the top bidder. Sometimes/most of the times, my initial bid is not enough to become the highest bidder so I enter/choose/opt for the next $ amount until I beat the current bidder therefore becoming the highest bidder.
If the card later gets bid up again, I will either choose to beat it again or walk away if it is more than I want to bid or can afford. Am I now labeled as a "String Bidder"?
I also agree, 25 retractions is excessive in that time frame. I believe I have 2-3 total since I began bidding on E-Bay and my last one months and months ago but those were rookie mistakes and I am much more careful/thorough before I decide to bid on something now.