Quote:
Originally Posted by steve B
I guess this is the part I don't get.
A sensible bidder can't really be "stolen from" because a sensible bidder bids what the item is worth to them and no more. If everyone bid that way shilling would be pointless Because all the bids would be nearly the same and a shill would end up buying the item or only making a small difference.
Steve B
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I really don't quite understand what you're saying here. A sensible bidder CAN be stolen from, even while paying no more than what they were "willing" to pay. Auctions aren't set up for the winner to pay what he was "willing to pay". Auctions are set up for the winner to pay just more than the next highest bidder was willing to pay. Anything above that IS stealing, no matter how sensible a person's high bid was.