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  #1  
Old 02-06-2022, 12:02 PM
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perezfan perezfan is offline
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It's weird, and occurs way more than any statistical analysis could support. An auction can be open for 2 weeks. A given item has no bids. I place an opening bid, and less than two minutes later, I am magically outbid. Happens repeatedly all the time...

I've always chalked it up to a hidden reserve, as any other explanation seems too far-fetched to hold water. Maybe someone here has a better explanation?
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Old 02-06-2022, 01:04 PM
Aquarian Sports Cards Aquarian Sports Cards is offline
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Quote:
Originally Posted by perezfan View Post
It's weird, and occurs way more than any statistical analysis could support. An auction can be open for 2 weeks. A given item has no bids. I place an opening bid, and less than two minutes later, I am magically outbid. Happens repeatedly all the time...

I've always chalked it up to a hidden reserve, as any other explanation seems too far-fetched to hold water. Maybe someone here has a better explanation?
Actually I think Steve nailed it. With Chad's thoughts also being a possibility. I know as a buyer I search by recent bids, and it definitely brings things to my attention. Then, in our auctions if you are the only bidder on an item before extended bidding you automatically win it at 10pm on closing day, so that can disincentivize bidding on it early and hoping it slips through the cracks. However once someone else has bid on it, you have to get your bid in to be eligible for extended bidding on that lot, so there's no reason to wait anymore. If it happens in our auctions I can assure you it's not "funny business" on our end, and it's not the consignor directly (though it is hard to catch someone if they are determined to have a buddy bid on their items)
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Last edited by Aquarian Sports Cards; 02-06-2022 at 01:07 PM.
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Old 02-06-2022, 01:58 PM
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Leon Leon is offline
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A long time ago I put a bid in on a card in a Mastro auction. And this was after the investigation was going on. I bid on a super esoteric card (*maybe it was 2 of them) and I immediately got outbid. I told an FBI acquaintance of mine about it. Later it was ascertained I was shill bid.

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Old 02-07-2022, 01:10 AM
Snowman Snowman is offline
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Could happen for different reasons on different platforms. With PWCC, they have the scrolling bar across the top showing cards with the most recent bids. I often discover cards I'm interested in by seeing them listed up there, which I wouldn't have otherwise found or searched for explicitly.
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Old 02-07-2022, 01:14 PM
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JustinD JustinD is offline
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I think the bid sort theory certainly holds water. There’s so much junk and starting bids placed at well over the value I would assign that I very often search by a minimum bid of 1 to sift it out.
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  #6  
Old 02-07-2022, 04:26 PM
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I have noticed that from time to time. Certainly makes one wonder.
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