Quote:
Originally Posted by ajjohnsonsoxfan
I also don't understand the problem with "string bidding". If I bid $1 a 100 times and become high bidder and pay for the item is that bad?
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I think smaller bid increments are healthy making the market more liquid in a way. Bidders can better anticipate where the auction might end and this can help prevent wild price fluctuations at the close. We are not bidding in a vacuum and having more bids and bidders in small increments can smooth out that process. I think eliminating the bid retractors will take care of the malicious bidders and messing with bid increments is an unnecessary and potentially deleterious step.