How do I retract a bid on Ebay?

[pgellis]

[QUOTE=1952boyntoncollector;1501015]

Originally Posted by pgellis

Didn't want to start a new thread on this topic.



But why would someone retract just before the 12 hour deadline?



I can answer that one, some people put in the wrong bid but don't want to be known as a retractor, so they wait to see as long as possible if their bid beaten so that way they don't have to retract it.....of course i know you are assuming the bad side of things..but it could also be what i stated.

The reserve was $29.95. I place a bid for $30.01. This bidder placed a bid of $31.00. How can that be a wrong bid?
And oh yeah, he has two more bid retractions since I posted this today. Up to 218 bid retractions in the past 6 months...a little more than 1 bid retractions per day over that period.
It's not a mistake, but can't figure out what he's doing or why? And how does eBay allow this?

[1952boyntoncollector]

[QUOTE=pgellis;1501061]

Originally Posted by 1952boyntoncollector

The reserve was $29.95. I place a bid for $30.01. This bidder placed a bid of $31.00. How can that be a wrong bid?
And oh yeah, he has two more bid retractions since I posted this today. Up to 218 bid retractions in the past 6 months...a little more than 1 bid retractions per day over that period.
It's not a mistake, but can't figure out what he's doing or why? And how does eBay allow this?

yeah that sounds bad...did card sell at 30.01?

[pgellis]

It's at the opening bid of $29.95 with about 3 hours to go.

This is the only item that this seller has active, so I don't think he has anything to do with it. But why would someone continually retract bids? Can't be drunk eBaying can it?

[slidekellyslide]

Originally Posted by pgellis

It's at the opening bid of $29.95 with about 3 hours to go.

This is the only item that this seller has active, so I don't think he has anything to do with it. But why would someone continually retract bids? Can't be drunk eBaying can it?

They are bidding to see what the top bid is. They now have an advantage over the top bidder in that they know what they are willing to spend on the item. They retract and then decide if they want to bid on the item again, usually with a snipe.

[D. Bergin]

It really is disgusting that Ebay lets this go on. Between shilling, the perception of shilling and straight up sabotaging of auctions, there's no reason they should allow more then a few genuine retractions a year from any particular bidder...and even that's giving the benefit of the doubt.

[1952boyntoncollector]

Originally Posted by D. Bergin

It really is disgusting that Ebay lets this go on. Between shilling, the perception of shilling and straight up sabotaging of auctions, there's no reason they should allow more then a few genuine retractions a year from any particular bidder...and even that's giving the benefit of the doubt.

still ebay a LOOT better than auction house...if someone retracts a bid you know about it and you can get the seller to cancel the sale if you 'win' the item a lot easer with ebay then another AH where you don't even know that you are being shilled...plus if someone retracts a bid you may have enough time to retract your own bid as well...

[D. Bergin]

Originally Posted by 1952boyntoncollector

still ebay a LOOT better than auction house...if someone retracts a bid you know about it and you can get the seller to cancel the sale if you 'win' the item a lot easer with ebay then another AH where you don't even know that you are being shilled...plus if someone retracts a bid you may have enough time to retract your own bid as well...

What if you're a seller and you have to deal with this dipsh*t behavior. As I've explained before, a lot of the time it isn't even a shilling situation. It's a bidding strategy to sabotage an auction.

Hell, even in non-retraction situations it's getting ridiculous out there. I had an item up several weeks ago that I'm convinced two bidders drove up to a very high level, with zero intention to pay, in order to drive up the realized price of something they already had in their collection.

Within a short time of the auction closing, both the first and second high bidders start trying to negotiate with me to sell them the piece at a fraction of what they originally bid on the item. I filed a non-paying strike and blocked the high bidder. I doubt there were any consequences to him however.

Meanwhile, I have two of the exact same item in the ended auction listings on Ebay, with two very different results, and to anybody doing the research, I'm probably the one who looks like the bad guy here.

There are zero repercussions for buyers with bad intentions.

[JustinD]

Originally Posted by slidekellyslide

They are bidding to see what the top bid is. They now have an advantage over the top bidder in that they know what they are willing to spend on the item. They retract and then decide if they want to bid on the item again, usually with a snipe.

+1

Despicable.

There are so many reasons I use a sniper service. Until ebay changes ( which just is not going to happen, as they are making MORE money because of shills) I will never make anything more than a minimum bid prior to 5 seconds of the gavel drop.