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London Coins-- another suspicions of shill bidding thread
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<p>[QUOTE="kirispupis, post: 7875145, member: 118780"]I agree that being outbid doesn't confirm shill bids, but what I've been finding is that my max bid or one below my max bid is being hit more often than one would expect statistically.</p><p><br /></p><p>Yes, I do get outbid, but my suspicion is those are real people and they're paying their maxes too. There was a recent auction in which every coin I won either went for my max or one below my max. On one coin I lost, it went for 6x my max. This max was based on what I'd paid recently for a similar coin (also received at my max). Sure, I understand that obviously someone wanted that coin far more than I, but he placed his max bid at the very end, and someone put a slightly lower bid immediately after him. That seems very suspicious.</p><p><br /></p><p>I hope to avoid this auction in the future, but the problem is they tend to have really nice coins. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Live bidding won't help in this case because I suspect it's done by software. So, if I do find something I can't resist, I'll just put in my max and understand that if I win the coin, that's what I'm paying.</p><p><br /></p><p><font size="3">(Disclaimer: </font>these are just my <i>suspicions</i>. I have absolutely no proof to back this up, but I'm certainly not the only one who's noticed this)[/QUOTE]</p><p><br /></p>
[QUOTE="kirispupis, post: 7875145, member: 118780"]I agree that being outbid doesn't confirm shill bids, but what I've been finding is that my max bid or one below my max bid is being hit more often than one would expect statistically. Yes, I do get outbid, but my suspicion is those are real people and they're paying their maxes too. There was a recent auction in which every coin I won either went for my max or one below my max. On one coin I lost, it went for 6x my max. This max was based on what I'd paid recently for a similar coin (also received at my max). Sure, I understand that obviously someone wanted that coin far more than I, but he placed his max bid at the very end, and someone put a slightly lower bid immediately after him. That seems very suspicious. I hope to avoid this auction in the future, but the problem is they tend to have really nice coins. :) Live bidding won't help in this case because I suspect it's done by software. So, if I do find something I can't resist, I'll just put in my max and understand that if I win the coin, that's what I'm paying. [SIZE=3](Disclaimer: [/SIZE]these are just my [I]suspicions[/I]. I have absolutely no proof to back this up, but I'm certainly not the only one who's noticed this)[/QUOTE]
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London Coins-- another suspicions of shill bidding thread
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