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The difference between your bid and the winning bid was £15.
However, you are trying to claim that you are sensible but someone else is CHEATING simply because they wanted to offer £15 more...... Does that REALLY make sense? You are a much better man than me if you can judge the value to with JUST over 10%.... you really OUGHT to be in the karting 'business' if that was the case!
Secondly, if you ARE right.... how (in God's Name) did the vendor BENEFIT? If you are right and he STOPPED anyone bidding by 'shilling' then he has simply cost himself the 'listing aqnd selling' fees becasue it WON'T have sold.
A 'shill' only 'works' if someone who is NOT the owner is the one who WINS the bid! The seller LOSES OUT if he doesn't get someone to beat his bid. Think of a 'shill' as being a hidden 'reserve price'! The vendor (seller) MIGHT be saying to himself .... "if I don't get XYZ for it, then I won't sell it"... That is EXACTLY the concept behind a reserve/shill.
However, a shill CAN work by other bidders getting carried away. So often you hear SILLY people saying 'yes I KNOW it's above what I wanted to pay but I might JUST get it if I bid another (enter your own figure here!)'.
I used to be an estate agent; I went to another agent's Auction where I saw a house to be renovated make EXACTLY twice the price that ANYONE was genuinely willing to pay!
Two husbands had sent their wives to bid. Both knew and disliked each other. They simply went BONKERS.... they continued to outbid each other until one finally came to her senses and stopped! Within the week, I was being ask to put the house BACK on the marker for just over half what the woman had paid for it! The husband was still WHITE with seething anger! I don't think the marriage lasted many months after that!
Many people in auctions simply do NOT think! Ebay is no different!
If you are interested in the subject, Ebay not a standard auction which is known as an 'English Auction', it is merely a modern version of a VERY old auction system called the 'candle auction' (sometimes called a 'pin auction'). The concept was that the auctioneer stuck a pin in the side of a candle and lit the candle. He then 'sold' the item to the person who made the highest bid before the pin fell out of the side of the candle. Neat and simple!
Another classic is the 'DUTCH auction' and it's NOT what the public THINK it is! You always hear people saying "I don't want to get into a 'Dutch Auction'" when the REALLY mean an ENGLISH auction where the price keeps going higher.
A 'Dutch Auction' is completely different and even MORE fun! The buyers come into a room and remain QUIET. The Auctioneer starts at a price that he thinks is ABOVE the 'real' price. He then knocks off a bit of price and waits again. If no-one bids, he takes a bit more off.... and so on. What THEN happens is that the FIRST person to bid buys it at the LAST price the Auctioneer stated. Eg. it's 'worth' £50; the auctioneer asks £75... £70.... £65.... £60...£57....£55....£52 and someone then shouts "BUY" and it's theirs for £52!
Auctions are GREAT fun and VERY effective if you keep a CLEAR HEAD and think STRAIGHT about what you are doing. Do NOT get into an auction while you are 'emotional'..... that's when it all goes BADLY wrong!
Over the years, I have bought the stones for my wife's engagement ring, many of my cars, loads of furniture, guitars, karts etc.. through auctions. I 'learned' the game at my father's side in the sale rooms of the 1950's and 1960's. My GOD they were fun places and you could get some REAL 'old tat' but some FABULOUS bargains as well! I never understood the song, 'Second hand Rose' as almost EVERYTHING that was IN My family house was bought second-hand in auctions...... hence me being SUCH a 'cheapskate'!
Ian
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tips on buying a tkm engine of ebay by 'tkmkart' (09 Feb 2009 @ 9:32)
