Different bidding patterns

[raulus]

Based on the OP, I’m guessing this is intended to be an expose on shilling and other shenanigans.

So I guess we had better first decide whether there’s shilling or not. If there is shilling, then that could explain some of the zooming right out of the gate. Although there’s every possibility a good zoom could be legit, just with a couple of bidders deciding to not wait in terms of trying to out-bid each other. And there’s nothing to prevent a shill from waiting until the last minute to do their thing.

I tend to suspect that shilling is less prevalent than we fear, but probably not zero. But unless you’re the one doing the shilling, it’s hard to really know whether there’s shilling involved, or just another motivated collector you’re competing against. Even if the card comes right back onto the market, that’s not a dead giveaway that the auction was shilled, although it definitely gives you a bad taste.

I do think with eBay that sniping services make a difference, as there’s no ability to keep bidding once the auction ends. Get your bids in and that’s it. It’s not uncommon with that format to see a big jump in the last 5 seconds as the snipes come rolling in. And sometimes a couple of snipers put in ludicrous bids because they don’t want to lose, and figure no one else will be stupid enough to go that high. So one of them gets to pay 5x what it’s worth just because they didn’t want to lose. And the loser gets to have that comp thrown in their face for the next few years when they try to buy another one.

With the more traditional AH format that doesn’t allow for sniping, most auctions do seem to wait until the end, and that’s not surprising. I have participated in some serious zooms right out of the gate when some other bidder and I just decided there was no point in waiting. The other guy ended up winning, so I’m assuming he wasn’t just a shill, especially because the card didn’t come back onto the market.