http://cgi.ebay.com/NEWFOUNDLAND-KEY-DATE-1947C-SMALL-CENT_W0QQitemZ110234914223QQihZ001QQcategoryZ149939QQssPageNameZWDVWQQrdZ1QQcmdZViewItem This seller has 7 coins for sale in a dutch auction. If you go into the bidders list he has one bidder who bid on all items at $6.00 each, yet the starting price was $1.50. Why isn't the buyer listed at $1.50 for all seven? Doesn't proxy bidding work on dutch auctions? Shill bidder maybe??
Dutch auctions are different. They don't work the way an regular auction works. I found out the hard way. I found a tool pouch I needed for my work (my old one was wearing out) on a Dutch auction. The guy was selling 5 and the starting bid was $5. I had been looking for this pouch for a while and I really wanted to get a new one plus a few extras. I was the first (and only) bidder. My bid was $7.50 each for all 5 items. I figured I owned the seller $25 plus shipping. NOPE! I owed him $37.50 plus shipping. eBay explained to me that there is no proxy bidding in a Dutch auction and my bid is the price I will pay unless I am outbid. (I think that's how it works.) I have not bid on a Dutch auction since then.
Sort of. All seven items go for the price bid for the seventh item. If he had bid $100 for 6 items and no one else had bid, he would have won 6 items for $1.50. His mistake was bidding $6 for the seventh item.
In a Dutch Auction the "current bid" is the highest bid for the last item. Since the other bidder went $6 for all 7 items, that's where the bidding is. If someone now bids $7.50 for 6, the "current bid" will remain at $6, and the new bidder will get 6 at that price, while the guy who originally bid that price gets the last one. You can read the whole rule here.
I resemble that remark! I am out here every day making mistake after mistake just so others won't make the same mistake. I tell ya, I don't get any respect.
send that liberty seated dollar that you bought from ha. you will have made another mistake and got my respect at the same time
This worked to my advantage once. (And here's a neat little thing.) I wanted to bid on an item where there were about 400 lots available, but I wanted about 40 of them. There were only 10 or so let available, so I upped my bid to the next increment allowed. Sure enough, I won all 40 at the lower price, and even bumped some people who had bid before me! All, because my bid was slightly higher. (I discovered this by accident, but it saved me a chunk of change, and it got me all 40!)
