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Last post 23 years ago by evlone. 12 replies replies.
auto - bid
evlone Offline
#1 Posted:
Joined: 12-01-1999
Posts: 13
Please help me to understand this feature :
Day 1 -an item goes up for auction with quatity 2 and starting bid at $10.00. Day 1 Bidder_A bids for 1 at $10.00. Day 2 Bidder_B bids for 1 at $10.00 using the auto-bid feature with a max bid of $12.00. Day 3 Bidder_C bids for 1 at $11.00. Auction then closes.
Who are the winning bidders and what do they pay ?
RDC Offline
#2 Posted:
Joined: 01-21-2000
Posts: 5,874
From what I understand the Auto Bid feature needs improvement.
Bidder B will pay $12 while Bidder C pays only $11
I have been bitten by this scenario before.
Bidder B should only have to pay $11. A matching bid to Bidder C. For whatever reason it still doesn't seem to be fixed.
mtsheron Offline
#3 Posted:
Joined: 04-29-2000
Posts: 528
If I read your ? correctly the winning bidders would be Bidder B and Bidder C. Bidder B bid min. of $10 which Bidder A did but used auto bid to increase to $12. Bidder C outbid Bidder A by $1 which would make him the next in line. Price each would get given it is a $1 increment would be I believe $11 each. I could be wrong if I read your question incorrectly however.
evlone Offline
#4 Posted:
Joined: 12-01-1999
Posts: 13
I checked after it happened to me.
Bidder_C wins 1 at $11.00
and bidder_b wins 1 at $10.00 yes $10.00 beating bidder_A who bid $10.00 earlier. All because of the auto-bid
aberdeen Offline
#5 Posted:
Joined: 06-11-1999
Posts: 741
the last answer should be correct, bidder B, still keeps his $10 bid, for B was not outbid, A was outbid with C's bid of $11, by B. B is next in line even though B was not the first to bid $10. If B and A were equal in their bids, both using autobid, then A being the first to make that bid would have won along with C, and again at $10. Just because C bid $11 it definately should not bring up B's bid to $11.
Now can we do a equation of miles per hour between Johnny and Bubba?
aberdeen Offline
#6 Posted:
Joined: 06-11-1999
Posts: 741
Hold the phone!!! I may not be too popular and I don't understand how what just happened worked. I just bid on the Dos Rios, there are five boxes available. Well I placed a bid using auto bid, before all the other bidders were also using autobid and the current bid was $70, after my bid, everyone's bid went up to $76! Should it not be that only my bid goes that high since there are five boxes available??
mtsheron Offline
#7 Posted:
Joined: 04-29-2000
Posts: 528
Aberdeen-
The beast has reared it's ugly head...the constant search and quest to figure out auto-bid! I thought I had it understood but hell, I guess I don't. Your guess is as good as mine anymore how the damn thing works.
evlone Offline
#8 Posted:
Joined: 12-01-1999
Posts: 13
So.......
It's not the order of bid but your intent?
You can outbid by intent but not a higher price.
Must be the Glenlivet and wood tipped ceegar.
Hansen Offline
#9 Posted:
Joined: 03-11-2000
Posts: 444
Have had the same non-understandable experience with lotID=6145 which closed yesterday. I bid on the last 3 items, thereby being the last one to bid $4. Two of the other five bidders was using Auto-bid. Later, three new bidders apear with $5 bids, "stealing" 2 of mine 3, and 1 one of the Auto-bidders, who automatically raises his bid to $5. The other Auto-bidding guy keeps his 2 at $4, although he was on two days before I was. I would expect oldest bids to be the ones to go first. The first Auto-bid guy that had to raise made his first bid three days before me. Where is the logic in this? I wrote to Customer Service, and here is a copy of the correspondance, which I don't think explains anything at all. - Maybe my english isn't good enough. - "Dear Mr. Kindler.
I took a look at the bidding, and the people that bid after you bid for a
higher amount, and as bidding goes, the highest price wins. Then after
that, the time the bid was placed is counted if the bids are for the same
amount. The gentlemen that bid the same amount as you all bid before you,
one by only an hour. So in example, as of right now, if you were to
increase your bid to $5.00, you would get your quantity of 3 and be the
second one on the list. I hope I have answered your question, if you have
any further questions, just let me know.
Sincerely,
Ruth
Customer Service
----- Original Message -----
From: "Leif Kindler"
To:
Sent: Wednesday, May 24, 2000 1:12 AM
Subject: ???


> How come that I'm the first of several bidders bidding on more than one
> item to loose mine? I'm referring to lotID 6145, Don Lino Robusto Box of
> 3, where I yesterday bid on the last 3 boxes at starting bid $4.00.
> Earlier than I, on May 23 and 21, two bidders had made bids for more
> than one box. But as other bidders start bidding more, mine are first to
> go. I'd expect the earliest bids to go first. Can You explain the facts
> to me?
>
> Kind regards
> Leif Kindler, Denmark"
Gonz@CigarBid Offline
#10 Posted:
Joined: 03-30-1999
Posts: 222
I need to intervene here. The original logic of auto-bid was changed about 1 month ago. Auto-bidders complained that their bid price was being pushed up pre-maturely. I received about 50 emails with the following - "why should my bid be pushed up by someone who ultimately can't beat me."

For example, lot with 1 unit and increment of $5

bidder 1 - $10 bid with auto-bid of $20

bidder 2 - $10 bid with auto-bid of $15

prior to April 1st, bidder 1 would have been pushed to $15
After April 1st (and a million emails), logic changed so bidder 1 is only pushed to $15. Basically, winning bidders are determined in order of maximum bid price first, then time of bid. Now, a million emails later, I'm going to change the logic again. This time, I'm starting from scratch. I'll re-write the logic early next week. I will keep all of your comments in mind. Until then, you have to live with it as is.

- gonz
aberdeen Offline
#11 Posted:
Joined: 06-11-1999
Posts: 741
with only one lot available, I think the logic is straight forward, compare it to being at an actual auction. You have an "auto bid" in your mind, how high you will go. Well you open the bidding at $10 and have a limit of $50 (autobid). Well someone bids $15 and even if he will only go as high as $25, the bid is now at $15, you raise to $20 etc. and he goes to $25 and drops out. So even though his ultimate bid was lower than yours, the lot is still at $25. I don't think it fair to CI for the price to stay in one place until someone bids more than your ultimate price. Where I have the questions is when there are more than one lot up for auction.
Bidder A has a bid of $40 (maximum)
Bidder B has a bid of $40
Bidder C has a bid of $50
the lot is at $10, with $5 incrememnts
Then along comes D, he bids just the minimum, $15. Then do all three lots go up to $15?
Then E comes along and bids the next increment $20 but with a high bid of $60. What happens? I would guess B would be knocked off, for A has priority with the first bid, and now all three bids would be at $40. Then F comes along and bid $45. A would be knocked off, but now should it not read like this?
F $45
C $40
E $40
Or would everyone be at $45? I think the above scenario is correct, then G comes along and also bids $45. He would not be in, but would increase both C and E's price to $45. (actually if you think about it in a real auction C and E would go to $50, answering G's bid)
Then the next bidder for $50 would knock off F, but C would have a senior bid as the first to bid $50. This seems to follow a certain logic.
Gonz@CigarBid Offline
#12 Posted:
Joined: 03-30-1999
Posts: 222
Yes, right now all bid prices for auto-bidders move up together. I think the following is accurate:

- if someone bids $50 and you are at $45 with an auto-bid of $60 max (increment of $5), you are moved to $50 to beat the new bid of $50 b/c you bid first

- everyone should NOT move up at the same time, unless necessary

- gonz
evlone Offline
#13 Posted:
Joined: 12-01-1999
Posts: 13
if (A>B and CG)
then Glenlivet
else bread and water
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