[DeTomaso] Pantera sold on eBay

[Kerry Maguire]

I looked at the completed listing and clicked on "show automatic bids".
None popped up.

 

Regards,

 

Kerry M. Maguire #5606

 

In a message dated 2/17/09 11 50 22, kmaguire at landrovermiramar.com
<http://list.realbig.com/mailman/listinfo/detomaso>  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