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<p>[QUOTE=&quot;kirispupis, post: 7838854, member: 118780&quot;]One interesting phenomenon I noticed about Leu is how lower bids affect higher ones. Leu at least makes the bidding history transparent. The following is for the Magas coin, which I noticed too but didn&#039;t bid on because I (in retrospect correctly) determined it would go too high.</p><p><br /></p><p>Bidder 1 9000 CHF 14-Aug-21 23:11:51</p><p>Bidder 2 8500 CHF 14-Aug-21 23:12:00</p><p>Bidder 3 6000 CHF 14-Aug-21 23:11:57</p><p>Bidder 4 2600 CHF 14-Aug-21 23:11:54</p><p>Bidder 4 1800 CHF 14-Aug-21 23:11:08</p><p>Bidder 5 1800 CHF 14-Aug-21 23:11:45</p><p>Bidder 6 1600 CHF 14-Aug-21 23:11:21</p><p>Bidder 4 1100 CHF 14-Aug-21 22:48:02</p><p>Bidder 1 1100 CHF 14-Aug-21 23:02:37</p><p><br /></p><p>So, Bidder 1 (the winning bidder), placed a bid with about 9:30 left of the auction. Either he was outbid, or he decided to place an &quot;insurance&quot; high bid with 10 seconds left of at least 9000.</p><p><br /></p><p>At the moment the auction closed, a bid of 8500 was received. In many other auctions, that would put the winning bid at 8500 in favor of Bidder 1. However, Leu &quot;pushes&quot; the winning bidder up one increment, which in this case is 500 CHF.</p><p><br /></p><p>For one coin I won, a similar thing happened. In my case the increment was 100 CHF, so that&#039;s how much extra I paid. In that case, I can see that the same bidder tried one bid, then placed another when he saw he wasn&#039;t the winner. For the last 10 seconds I was very nervous since my max had been reached, but I just felt the coin wasn&#039;t worth more than that and evidently the other bidder agreed.</p><p><br /></p><p>Given the different bidding patterns, I don&#039;t think Leu does shill bidding. However, their practice of automatically pushing the winning bidder one increment above the second highest bid makes it more likely that one&#039;s max bid is reached.[/QUOTE]</p><p><br /></p>

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