What the hell is the deal with this PWCC auction

[Peter_Spaeth]

"As of April 1, 2017 PWCC places blocks on any user ID that has more than 10 bid cancellations in the past six months. This reflects a reduction in the number of allowed bid cancellations from 25 to 10. As the program continues to mature and continues to affect bidder behavior, PWCC will continue to reduce the threshold."

[frankbmd]

Simple typo.

Should be

April 1, 2018.

[ALR-bishop]

You fellas apparently do not fully appreciate, as Betsy explained in post 40, there are different types of retractions. These you are seeing now must be the naive, inconsiderate but non malicious kind.

[mechanicalman]

Originally Posted by ALR-bishop

You fellas apparently do not fully appreciate, as Besty explained in post 40, there are different types of retractions. These you are seeing now must be the naive, inconsiderate but non malicious kind.

That's funny.

[Peter_Spaeth]

Just as an aside, the high bidder on the Frank Robinson, who was at 14 retractions at the time Brent and/or Betsy had that heart to heart with him, is now at 15. Must have been another non malicious one.

[tiger8mush]

Originally Posted by Peter_Spaeth

"As of April 1, 2017 PWCC places blocks on any user ID that has more than 10 bid cancellations in the past six months. This reflects a reduction in the number of allowed bid cancellations from 25 to 10. As the program continues to mature and continues to affect bidder behavior, PWCC will continue to reduce the threshold."

The coincidence of a promise made on April 1st ...

[botn]

Originally Posted by Peter_Spaeth

"As of April 1, 2017 PWCC places blocks on any user ID that has more than 10 bid cancellations in the past six months. This reflects a reduction in the number of allowed bid cancellations from 25 to 10. As the program continues to mature and continues to affect bidder behavior, PWCC will continue to reduce the threshold."

Jeez...give Betsy a chance to come on here and explain. My guess is that she can tell us these bidders have both won and paid for more than $60,000 worth of auctions and are therefore exempt from the retraction policy.

[iwantitiwinit]

Originally Posted by Peter_Spaeth

"As of April 1, 2017 PWCC places blocks on any user ID that has more than 10 bid cancellations in the past six months. This reflects a reduction in the number of allowed bid cancellations from 25 to 10. As the program continues to mature and continues to affect bidder behavior, PWCC will continue to reduce the threshold."

As the program continues to mature? What is that supposed to mean? What maturing has to occur, more than 2 bid retractions and you should be done regardless of how much has been spent previously by the bidder. Bids that are retracted influence other bidders prior to retraction and no matter how you look at it are manipulative. I honestly can't see the rationale for allowing multiple retractions. This entire situation stinks in my opinion.

[Peter_Spaeth]

Robert, I could not agree more. In my opinion it's a lot of feel-good BS and even the feel-good BS doesn't appear to be sincere, as the 10 limit is not being enforced.