What am I missing here?

From: William Donzelli <aw288_at_osfn.org>
Date: Sat Jan 4 20:11:01 2003

> A semi-common tactic (from what I have heard) is to 'bomb' and auction,
> by placing a huge bid, like $1000 on it, and nobody will be able to
> beat you. Of course, if two people try this tactic on the same auction,
> one of them is screwed.

You need two folks to do this - one a real bidder, and one fake. Run up
the price to something outrageous, then towards the end of the auction,
retract the fake bid. In the meantime, many people are scared away. This
is called "bid sheltering", and is expressly forbidden by Ebay rules.

I must say that I have never actually seen this happen, but I know it does.

William Donzelli
aw288_at_osfn.org
Received on Sat Jan 04 2003 - 20:11:01 GMT