Amiga items on eBay -- advertising auctions on classiccmp

From: Feldman, Robert <Robert_Feldman_at_jdedwards.com>
Date: Wed May 2 09:22:06 2001

Flooding can be blocked if you take advantage of proxy bidding. Just decide
what your _maximum_ bid is, and enter that amount (near the end of the
auction, if you want, but not at the last second). Your actual bid will only
be the minimum increment above the next highest actual bid (and not
necessarily what you are willing to go up to). For example, when the high
bid is $20 and the increment is $1, you bid $50, and have an actual high bid
of $21. If someone floods with 10 bids of $1 each, you still win with a bid
of $41: you go $1 over each of the flood bids as each is made.

-----Original Message-----
From: Carlos Murillo [mailto:cmurillo_at_emtelsa.multi.net.co]
Sent: Wednesday, May 02, 2001 7:25 AM
To: classiccmp_at_classiccmp.org
Subject: Re: Amiga items on eBay -- advertising auctions on classiccmp

<snip>
Another strategy that
is beginning to become commonplace is "last-minute flooding",
when a bidder will send 10 or 20 bids with the smallest value
increment within the last 10 seconds or so of the auction.
<snip>
Received on Wed May 02 2001 - 09:22:06 BST