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Next: WTB: Paragon BG
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External
Since: Mar 01, 2006
Posts: 14
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(Msg. 1) Posted: Sat Apr 29, 2006 11:10 pm
Post subject: Bidding on your own auctions ??
Archived from groups: rec>games>video>arcade>collecting, others (more info?)
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| I was at the Columbus auction today and noticed people bidding on their own
machines They would start the bidding and go to a certain price, then stop
once it achieved a price they were content with selling at. Is this like
setting a "reserve price" on ebay? I was just wondering if this was common
among the auctions. Seems like it defeats the whole meaning of an auction.
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>> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Mar 10, 2005
Posts: 11
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(Msg. 2) Posted: Sat Apr 29, 2006 11:10 pm
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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It happens all the time. Watch the bidders around the game you are
looking to bid on- you can usually spot the owner as one of the
auctioner assistants or the auctioneer is watching them. If you see
yourself bidding against just the seller, time to stop bidding.
What I really dispise is when they win the bid, then relist the game in
the same auction...
Sorry- but IMHO if there aren't enough bidders to drive market price or
the seller's target, you're right, it's not really an auction. |
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External
Since: Mar 05, 2006
Posts: 34
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(Msg. 3) Posted: Sat Apr 29, 2006 11:10 pm
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
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External
Since: Jul 04, 2005
Posts: 73
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(Msg. 4) Posted: Sat Apr 29, 2006 11:10 pm
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
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A lot of auctioneers won't do reserves unless it's something
exceptional. It's too much trouble to keep track of reserves when
you're trying to sell a machine every minute. If you ask them they
will tell you to just bid on it yourself.
Even in farm and estate auctions I go to around here, the way the
reserves work is an auction employee will bid on it until it hits the
reserve. >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: May 19, 2005
Posts: 99
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(Msg. 5) Posted: Sat Apr 29, 2006 11:19 pm
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
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Dude it's common practice from what i've seen. Isn't specific to arcade
auctions either.
Thomas
"BoJo" <slappy5 RemoveThis @comcast.net> wrote in message
news:hoidnQNs7_w7t8nZnZ2dnUVZ_u-dnZ2d@comcast.com...
>I was at the Columbus auction today and noticed people bidding on their own
> machines They would start the bidding and go to a certain price, then
> stop
> once it achieved a price they were content with selling at. Is this like
> setting a "reserve price" on ebay? I was just wondering if this was
> common
> among the auctions. Seems like it defeats the whole meaning of an
> auction.
>
> >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Apr 17, 2005
Posts: 40
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(Msg. 6) Posted: Sat Apr 29, 2006 11:26 pm
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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In article <hoidnQNs7_w7t8nZnZ2dnUVZ_u-dnZ2d.DeleteThis@comcast.com>,
"BoJo" <slappy5.DeleteThis@comcast.net> wrote:
> Seems like it defeats the whole meaning of an auction.
It's called "shilling". They can set a reserve price, like on eBay, by
speaking with the auction people ahead of time. eBay hasn't come up
with new auction concepts as far as I know. They've just implemented
them for a new medium.
--
We are the music makers, And we are the dreamers of dreams,
Wandering by lone sea-breakers, And sitting by desolate streams.
from "Ode", Arthur O'Shaughnessy >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Feb 15, 2006
Posts: 97
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(Msg. 7) Posted: Sun Apr 30, 2006 1:55 am
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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BoJo wrote:
> I was at the Columbus auction today and noticed people bidding on their
> own
> machines They would start the bidding and go to a certain price, then
> stop
> once it achieved a price they were content with selling at. Is this like
> setting a "reserve price" on ebay? I was just wondering if this was
> common
> among the auctions. Seems like it defeats the whole meaning of an
> auction.
No, that would be shilling, and its actually very illegal.
Im surprised there isnt more abuse dished out to guys bidding on their own
stuff. >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Sep 23, 2005
Posts: 45
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(Msg. 8) Posted: Sun Apr 30, 2006 1:55 am
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
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Well, if you think traditionally about auctions of all sorts, the purpose of
the auction isn't to give the buyer a good deal. The purpose of an auction
is to make the seller a lot of money by bidding people against each other...
so it doesn't defeat the meaning of an auction to bid on your own item. The
seller is basically saying "I'll buy it myself for that price". Ultimately,
a seller bidding on his own item isn't going to make you pay more than what
you want to for an item... if you've got a price in mind that you would pay
for something, he can shill all he wants and if it's still under your price,
have at it.
Ron
"BoJo" <slappy5.TakeThisOut@comcast.net> wrote in message
news:hoidnQNs7_w7t8nZnZ2dnUVZ_u-dnZ2d@comcast.com...
>I was at the Columbus auction today and noticed people bidding on their own
> machines They would start the bidding and go to a certain price, then
> stop
> once it achieved a price they were content with selling at. Is this like
> setting a "reserve price" on ebay? I was just wondering if this was
> common
> among the auctions. Seems like it defeats the whole meaning of an
> auction.
>
> >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Feb 01, 2006
Posts: 12
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(Msg. 9) Posted: Sun Apr 30, 2006 1:55 am
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
Imported from groups: per prev. post (more info?)
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External
Since: Jun 16, 2005
Posts: 273
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(Msg. 10) Posted: Sun Apr 30, 2006 6:30 am
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
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Not arcade related, but when my grandpa died and his kids decided to
have an estate auction.
The day of the auction, the auctioneer gathered all us family members
and told us that if we thought that stuff wasn't selling for as high as
we wanted, then we should bid on it to raise the selling price.
If we would end up winning the item, we wouldn't get charged for them
actually selling that item.
Changed the way I look at auctions ever since.
-Tim >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Aug 07, 2005
Posts: 51
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(Msg. 11) Posted: Sun Apr 30, 2006 11:00 am
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
Archived from groups: per prev. post (more info?)
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BoJo wrote:
> I was at the Columbus auction today and noticed people bidding on their own
> machines They would start the bidding and go to a certain price, then stop
> once it achieved a price they were content with selling at. Is this like
> setting a "reserve price" on ebay? I was just wondering if this was common
> among the auctions. Seems like it defeats the whole meaning of an auction.
>
>
They do that at the Starburst game auction in Tonronto all the time.
All the regulars even know all the shill bidders and just stop bidding
when they start in. It's tacky as hell but it's standard practice. >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Sep 29, 2005
Posts: 203
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(Msg. 12) Posted: Mon May 01, 2006 5:24 pm
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
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I got shilled at Timonium last year. After I won the auctioneer said
ah he doesn't need it anyway he's got a warehouse full of em!!! He was
talking about the OP I was bidding against. The same OP shilled all
day on other games. It was an eye opener for sure. I won't make that
mistake again... >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Apr 04, 2006
Posts: 14
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(Msg. 13) Posted: Mon May 01, 2006 8:13 pm
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
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plenty of people do it on Ebay as well, get their mate to bid up an
auction to a comfortable price.
people got to be carefull doing it though, as if Ebay catches someone
on a different account with the same IP as the owner of the auction,
both accounts will get closed. a good thing really >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Feb 14, 2006
Posts: 100
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(Msg. 14) Posted: Mon May 01, 2006 9:42 pm
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
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I see no problem with shilling. I know it goes on at Super Auctions
all the time. If they shill it beyond what you want to pay, then don't
go any higher. It's always nice to get a good deal, but you have to
remember, this stuff isn't free (usually). Sellers lose a chunk out of
the final price to fees. If they are not going to make money on
selling a game, why let it go? It makes sense for them to bid up to
where they need/want it to be. I've knowingly bid against selllers
before....sometimes won, sometimes lost.
>From what I've seen, shilling doesn't drive up the prices nearly as
much as home buyers or first-timers who get caught up in the "auction
fever". (I admit I was like that in the beginning.....not anymore
though). >> Stay informed about: Bidding on your own auctions ?? |
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External
Since: Jun 10, 2005
Posts: 330
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(Msg. 15) Posted: Tue May 02, 2006 6:46 pm
Post subject: Re: Bidding on your own auctions ?? [Login to view extended thread Info.]
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The coin op auctions expect sellers to bid their items up - they have a
ten dollar buy back policy on most of the consignment sheets, and if
you don't want to sell it you just bid it up. It is cleary stated in
their fine print that owners can bid, unlike a lot of auctions, where
it is illegal. >> Stay informed about: Bidding on your own auctions ?? |
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