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#1
02-07-2014, 08:19 AM
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Question on eBay Auctions
Here is the hypothetical case:
I create an auction and partner with a shill bidder - Bill Someone legitimately bids $50 as their first bid, Bill then bids $100 and becomes high bidder at $51. He now retracts his bid and submits a new bid for 49. Question: Can this happen on eBay? Reason I ask - just sent a lot off to a consignment house and I was surprised a simple Google search returns so many hits pointing to posts which I would consider to be negative about the same consignment house - the common theme seems to be shill bids, bid retractions, etc. stuff which I knew could happen in theory, but never really bothered me because I'm always using my judgement, if I learn something new, then I apply it next time and take the bad experience as a lesson. (there will always be someone trying to scam and cheat - CNBC made a show about it). Thanks! P.S. I've never retracted a bid, but I would think your eBay rating would take a hit for that, no? 
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