NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you give an opinion of a person or company your full name needs to be in your post. Contact the moderator at leon@net54baseball.com should you have any questions or concerns. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB

Go Back   Net54baseball.com Forums > Net54baseball Main PreWWII Forums > Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions

Reply
 
Thread Tools Display Modes
  #1  
Old 08-10-2017, 12:10 PM
Snapolit1's Avatar
Snapolit1 Snapolit1 is offline
Ste.ve Na.polit.ano
 
Join Date: Oct 2015
Posts: 1,955
Default AH Max Bid Feature

Seems that some auction houses let you go back and lower a max bid before it hits while others do not. Not losing sleep over it, but it seems to me you should be allowed to withdraw a max bid up until that time that someone actually taps it and puts it in play.
Reply With Quote
  #2  
Old 08-12-2017, 12:47 AM
mantlefan's Avatar
mantlefan mantlefan is offline
Frank Evanov
member
 
Join Date: Jul 2017
Location: Manhasset NY
Posts: 26
Default Sense

That makes sense for the bidder, but not for the AH. Therefore it will likely remain as it is.
Reply With Quote
  #3  
Old 08-14-2017, 02:38 PM
Leon's Avatar
Leon Leon is offline
Leon
peasant/forum owner
 
Join Date: Mar 2009
Location: near Dallas
Posts: 23,379
Default

Some do and some don't let you. I agree they should let you as it's not harming, at that time, anyone or the company, imo.
__________________
Leon Luckey
Reply With Quote
  #4  
Old 08-14-2017, 02:55 PM
darwinbulldog's Avatar
darwinbulldog darwinbulldog is online now
Glenn
Member
 
Join Date: Mar 2012
Location: South Florida
Posts: 1,205
Default

Never occurred to me that I might be allowed to do that. Probably would have used it a couple of times. Oh well.
Reply With Quote
  #5  
Old 08-15-2017, 06:34 AM
Buythatcard's Avatar
Buythatcard Buythatcard is offline
Howard
Member
 
Join Date: May 2009
Location: Middlesex, NJ
Posts: 916
Default

Which AH's allow this?
__________________
Please visit my eBay store:

Buythatcard

http://stores.ebay.com/Buythatcard
Reply With Quote
  #6  
Old 08-15-2017, 06:46 AM
spacktrack spacktrack is offline
Brian Dwyer
Member
 
Join Date: May 2009
Location: New York
Posts: 247
Default

REA's software allows you to update max bids upward or downward at any point in time so long as the max bid hasn't been hit yet.

Brian
__________________
Robert Edward Auctions
Reply With Quote
  #7  
Old 08-15-2017, 09:25 AM
jcc6252's Avatar
jcc6252 jcc6252 is offline
J1m C0chran
Member
 
Join Date: Dec 2013
Location: Indianapolis
Posts: 386
Default

If you have set your max bid to the next bid increment, then you are not allowed to lower it to the current bid amount. Again, this would cause no harm, but it is not allowed.
Reply With Quote
  #8  
Old 08-15-2017, 10:47 AM
Thromdog Thromdog is offline
J3ff
Member
 
Join Date: Jun 2013
Posts: 680
Default

Interesting. Imagine if this was allowed on ebay? Being able to lower your max bid seems kind of weird, I'm actually kind of surprised it's allowed.

1. Let's say the current high bid on an item is $100 for Bidder A.
2. Bidder A has a max of $150 on the item
3. Bidder B comes in and puts a max bid of $10,000
4. Item is now showing a high bid of $160 for Bidder B
5. Bidder B lowers his max bid to $170 ???

Seems like this could be used as a method to expose Bidder A's max bid. Not sure I like that....

Last edited by Thromdog; 08-15-2017 at 10:47 AM.
Reply With Quote
  #9  
Old 08-15-2017, 11:01 AM
petecld petecld is offline
Peter Calderon
member
 
Join Date: May 2009
Location: Dallas, TX
Posts: 81
Default Heritage

With Heritage you can always lower your max bid down to any amount over whatever the next minimum bid increment is.

Also, if you are the current high bidder and raise your max bid you do not affect the current high bid. You cannot outbid yourself.
Reply With Quote
  #10  
Old 08-15-2017, 11:40 AM
spacktrack spacktrack is offline
Brian Dwyer
Member
 
Join Date: May 2009
Location: New York
Posts: 247
Default

Quote:
Originally Posted by Thromdog View Post
Interesting. Imagine if this was allowed on ebay? Being able to lower your max bid seems kind of weird, I'm actually kind of surprised it's allowed.

1. Let's say the current high bid on an item is $100 for Bidder A.
2. Bidder A has a max of $150 on the item
3. Bidder B comes in and puts a max bid of $10,000
4. Item is now showing a high bid of $160 for Bidder B
5. Bidder B lowers his max bid to $170 ???

Seems like this could be used as a method to expose Bidder A's max bid. Not sure I like that....
The far more serious issue with what you've outlined on eBay is bid retractions. Bidder B in your scenario could, on eBay, retract the bid entirely and re-bid $149, leaving Bidder A at $150, his max bid. That's the real issue and the one that gets used and abused all the time. Lowering a max bid is allowed on eBay--they just call it a bid retraction.

In an auction like REA or Heritage, there's no bid retractions. If Bidder B outbids Bidder A, his bid sticks. Whether or not his max bid was $160 or $10,000, he has entered into a binding contract should be win the item at that level. There's no obligation on Bidder A to come back and bid over Bidder B.

The reason that changing max bids downward is allowed is because any number of things can happen during the course of an auction where maybe the original max bid is no longer feasible or wanted.

If you place a $10,000 max bid on day 1 of REA on an item that is opening at $1000, and then you find out a week later, when the item is at $2500, that your transmission needs to be replaced or another card has popped up that you want or you lost your job, why shouldn't you be able to change the autobid downward? That, to me, is the more responsible option--you're on the hook for what you've bid and where the level is at (there's no retracting), but you're not forced into watching a max bid get hit and hit when you know you can't pay or no longer want to pay the original $10,000.

Brian
__________________
Robert Edward Auctions
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
New Feature bobfreedman Net54baseball Sports (Primarily) Vintage Memorabilia Forum incl. Game Used 6 03-08-2014 01:29 PM
The Edit feature BigRedOne Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions 4 11-12-2012 12:01 PM
New VCP feature zljones Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions 1 01-25-2012 02:17 AM
A new board feature Leon Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions 1 10-11-2011 03:22 PM
New feature.. Archive Net54baseball Vintage (Pre-WWII) Baseball Cards & New Member Introductions 12 02-18-2009 08:02 AM


All times are GMT -5. The time now is 05:39 PM.


ebay GSB