On Sun, 25 Mar 2001, David P. Chernicoff wrote:
> http://cgi.ebay.com/aw-cgi/eBayISAPI.dll?ViewItem&item=1222982417
>
> Check out the bid history. It looks like someone created an account just to
> drive the price of this up to ridiculous levels. That doesn't, of course,
> explain the ridiculously high winning bid.
I'm not sure that I agree. If you look at the times, you'll see that
cymraun (the high bidder) bid $255.01 at 10:17 on March 23, and *then*
eddymerckx bid $185.01, $200.01, $225.01, and $250.01 in quick succession
from 12:18 to 12:24. on March 23. So it looks like the winning high bid
came first, and then your 'suspicious' guy was just trying to become the
high bidder by bidding in small increments. The fact that cymraun's bid
came in at exactly $5 more than eddymerckx's implies that proxy bidding
was at work, and cymraun's maximum bid was probably even higher. So it
just looks to me like a case of one guy *really* wanting this winder,
while someone else was only willing to go to $250. Auctions with two
high-bidding guys are always great for sellers.
chris
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