[DeTomaso] Pantera sold on eBay
MikeLDrew at aol.com
MikeLDrew at aol.com
Tue Feb 17 15:04:41 EST 2009
In a message dated 2/17/09 11 50 22, kmaguire at landrovermiramar.com writes:
> I don't have any experience with eBay, but the bidding pattern is
> certainly suspect. The winning bidder bid against himself from $30K to
> the "winning" bid of $35K in the space of 50 minutes.
>
>
>
> Maybe we will see this car come up for auction again...
>
You gotta read the fine print. The bidding history does not show automatic
bids. So, somebody put in a bid with a 'max bid' of 30K, let's say. Then
somebody else manually bids $20K. E-bay accepts his bid and raises it to
$21K. E-bay accepts that and raises it again, and so on until the manual bidder
either quits, or he makes a bid higher than the automatic bidder's max bid.
The manual bidder is then in the lead, and E-bay sends an e-mail to the
automatic bidder, telling him that he's been outbid, and offering him the chance
raise his stated max bid.
And so on...
Mike
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