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eBay proxy behavior when sniping OVER the reserve price?

 
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Andyman Perth
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PostPosted: Mon Sep 01, 2008 2:31 am    Post subject: eBay proxy behavior when sniping OVER the reserve price? Reply with quote

Hi All/Mario,

Long time Fan. first time poster.

I am curious to how the ebay proxy bid works with reserve bids. I have had a look at a few posts but I am not sure if they answer my question directly.

I do not know what the reserve price is. Lets say it is $1000.

If the reserve has not been met yet (assume it starts at $500 and no one else bids).


If I put a snipe in for $2000 what will happen?

1) The proxy bid puts a bid in at the reserve price ($1000) and goes from there.

2) The bid is put in at the snipe price.

3) Something else


These sums are representative. I'm about to bid on a car. Can anyone properly confirm any of these scenarios? My opinion (hope) is that it starts from the reserve but I have never experianced it. Anyone confirm? Big dollars for me.

Cheers everyone

Andy
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Cupid



Joined: 09 Aug 2007
Posts: 6236
Location: Bristol, UK

PostPosted: Mon Sep 01, 2008 3:16 am    Post subject: Reply with quote

Assuming that no one else bids in your scenario you will get the item at $1000.

The way tha eBay bidding works with reserves is the same as normal bidding, above and below the reserve, but below the reserve, though you may be the high bidder, the seller is not obliged to sell to you. The real difference comes when a bidder places a bid that is higher than the reserve, then the auction price immediately jumps to that price (in your scenario $1000) without any other bidder having placed a bid near that amount, from then on the seller is obliged to sell as the reserve has been met. If somone else bids $1500 in the last second of the auction you will still win in the normal way at $1500 plus one increment.

So, in summary, you should act in exactly the same way as you normally would with gixen and place a snipe at the maximum you are willing to pay. The only different scenario that can occur from normal is that you bid the highest price on the auction but at a price below the reserve in that case the seller does not have to sell at that price.

Since the bidding is the same for all bids below the reserve it is possible that the final auction price is well below the reserve price even if your bid was not well below it. In your scenario if you bid $999, and the next highest bid was $700 then the final auction price (with you as the high bidder) would be $700 plus one increment... but since thats below the reserve the seller does not have to sell to you, even though they would have had to sell at $1000 if you had bid that amount.
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PostPosted: Mon Sep 01, 2008 6:22 am    Post subject: Reply with quote

Hi Mark,

Thanks for the quick and concise reply. I know where I stand now.

Andy
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juangrande



Joined: 09 Aug 2007
Posts: 889
Location: San Diego, California, USA

PostPosted: Mon Sep 01, 2008 10:29 am    Post subject: Reply with quote

Another way of thinking about a reserve price is to view it as a bid and viewing reserve not met as being "outbid" by the reserve. The only significant difference between this and what actually happens is that a bid increment is not added to your bid when you "outbid" (meet) the reserve (and the reserve is never shown as "winning" at a bid increment higher than a lower bid, it is shown as "not met").

In fact, one form of shilling (and reserve fee avoidance) that unscrupulous sellers engage in is to set a low starting bid and then place a bid at the lowest price they would be willing to accept. This has essentially the same effect as setting a reserve, but cheats eBay out of its reserve fee.
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Cupid



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PostPosted: Mon Sep 01, 2008 10:40 am    Post subject: Reply with quote

juangrande wrote:

In fact, one form of shilling (and reserve fee avoidance) that unscrupulous sellers engage in is to set a low starting bid and then place a bid at the lowest price they would be willing to accept. This has essentially the same effect as setting a reserve, but cheats eBay out of its reserve fee.


Thats true, and it serves to indicate that there is more interest in the item than ther really is. Obviously its against the bidding rules on eBay.

They also run the risk of winning the item, then they have to pay the final value fees as a seller even though they haven't really sold it.

Its another aspect of eBay that sniping helps with (IMHO) because sniping tends to give one the mindset of deciding what to bid independantly of what other bidders are doing on that particular auction.
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Andyman Perth
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PostPosted: Mon Sep 01, 2008 4:25 pm    Post subject: Reply with quote

Cheers guys,

I use Gixen to counter shill bidding in a different context.

If there is something I like I NEVER add the item to my watch list anymore. Adding an item to watch list alerts seller of interest and then you can watch the item go up in price in neat sequential $25 segments within 30 minutes. eBay of course doesn' t care Confused

Straying back to my topic, if the auction ends UNDER reserve with me being the highest, will the seller see my full price or the highest proxy bid?
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juangrande



Joined: 09 Aug 2007
Posts: 889
Location: San Diego, California, USA

PostPosted: Mon Sep 01, 2008 7:47 pm    Post subject: Reply with quote

Andyman Perth wrote:
Straying back to my topic, if the auction ends UNDER reserve with me being the highest, will the seller see my full price or the highest proxy bid?


Good question. This highlights another difference between bidding against a reserve and bidding against a proxy bid. If you bid lower than the reserve, the current price will be the starting bid or the next lowest bid plus up to one bid increment. (If you bid lower than a proxy bid, the current price is updated to be your bid plus up to one bid increment.)

So, no, the seller will not see your full bid if you bid under the reserve.
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Andyman Perth
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PostPosted: Mon Sep 01, 2008 11:01 pm    Post subject: Reply with quote

Thanks guys, great support.

Your earlier comment john was perfect. To visualise the situation as bidding against the reserve price. Its like setting up a snipe against another snipe.

Game on!

Andy
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juangrande



Joined: 09 Aug 2007
Posts: 889
Location: San Diego, California, USA

PostPosted: Tue Sep 02, 2008 3:51 pm    Post subject: Reply with quote

Thanks for your kind comment, Andy. We're just volunteers who like to think they're helping out Mario and it's nice to be told when we are. Very Happy

By the way, it is reasonable to ask the seller to state the amount of the reserve: many will. In fact, many sellers will just state the amount of the reserve in the listing since it doesn't really make any sense to hide the reserve.
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mario
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PostPosted: Tue Sep 02, 2008 7:06 pm    Post subject: Reply with quote

juangrande wrote:
Thanks for your kind comment, Andy. We're just volunteers who like to think they're helping out Mario and it's nice to be told when we are.


You are helping indeed John, and Mario appreciates it very much. Smile
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juangrande



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PostPosted: Tue Sep 02, 2008 7:16 pm    Post subject: Reply with quote

Thanks, Mario. I appreciate it. Cool
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