"....in 22% of auctions, where there was proxy bid placed, the final selling
price of the item did not max out the proxy bid."
It begs the question, "How does Ebay know what a maximum proxy bid was?"
I would think that should be private information. If that information were
available to a seller, a seller might always max out the final price through
insider "shill bidding."
Is it OK as long as the artificial bidding is done by Ebay's corporate sibling
eShill?
----- Original Message -----
From: Richard Halegua Comic Art
To: MoPo-L@LISTSERV.AMERICAN.EDU
Sent: Wednesday, May 11, 2011 1:27 AM
Subject: Re: [MOPO] eBay is doubling and tripling bid increments
I loved this part Helmut:
"eBay's transaction team will be conducting two tests to our site on bid
increments. There was analysis done where in 22% of auctions, where there was
proxy bid placed, the final selling price of the item did not max out the proxy
bid. There will be two variants running and two control groups. The first
variant test will increment the bid increment by 2x the current increment and
the second test variant will increase the bid amount by 3x the current
increment."
between postal fees going up, ebay fees slapping sellers, and large bid
increments.. where's the love?
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