neroter12
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posted on July 18, 2004 09:43:32 AM new
Hi. Good Morning. I just found this auction and I cant recall ever seeing a lot price but with a "cost per item list price" - on it? I cant recall ever seeing this??? Almost thought it was a dutch auction. Is this prevalent? Part of how they've changed the listing process?
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=280&item=6912216945&rd=1
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Libra63
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posted on July 18, 2004 10:28:33 AM new
First time for me also, but I guess you could use that option in a jewelry lot auction to tell your bidder just how much each piece would be. Sounds good to me because when bidders click on a lot auction they just look at the basic price not the amount of jewelry in the auction.
i.e. say I list 4 pieces of jewelry for a starting price of $9.99. Each piece at that time is worth $2.50. The buyer then realizes that $2.50 a piece isn't to bad and maybe a piece or two has more than that value then they bid. (hopefully)
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lattefor2
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posted on July 18, 2004 10:50:26 AM new
I have not seen this before either, at first I also thought it was a dutch auction, but then I remembered that you can not do a Dutch auction unless you have 10 feedback or more or ID verify. I agree with Libra I think if you let these bidders know how much each piece costs them it may encourage bids. We all know how they intently read auctions LOL.
reenie
I don't get even....I get even better Jimmy Hoffa
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neroter12
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posted on July 18, 2004 11:28:34 AM new
The other goofy thing with this auction is it says .09 cents each, for a lot of 230 which would be 20.70? The bidding starts at 20.00 with a reserve of???what 20.70?
...lol I bet the people bidding on it dont know whats going on either!
Latte, I've done that in the description of the lot, broke it down per piece - but I will have to see if there's now an option for that in the heading.
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TnErnie
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posted on July 18, 2004 03:48:38 PM new
I saw this option offered when I was listing a lot about two weeks ago. It doesn't cost any extra...you just click on the "lot" tab (right below where you enter the price) and it asks how many in the lot. Then it automatically does the calculations.
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zircon4
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posted on July 18, 2004 05:12:59 PM new
Hi Neroter, that is a baffling auction alright. Notice that there are 5 bids with a start price of $20 but the final bid is still only $20. Oh I just checked the bid history and the one bidder has made 5 bids of $20. That is odd.
Regards,
Adrian
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neroter12
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posted on July 18, 2004 05:16:18 PM new
Tnernie; Thanks, I guess I skipped right over that in listing lots.
Adrian: I didnt notice that part either..how does it pull that off? Thought the next bid had to increment to more?Weird. I was just looking as I had some national geographic stuff to list and thought I'd see what it's doing on there. I am going to watch this though and see what happens! 
[ edited by neroter12 on Jul 18, 2004 05:19 PM ]
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OhMsLucy
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posted on July 18, 2004 05:16:36 PM new
Hi,
Adrian, he's trying to hit the reserve.
Lucy
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neroter12
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posted on July 18, 2004 05:20:55 PM new
But Lucy in four bids he's not gone higher than 20? Bidding started at 20.00 ?
[ edited by neroter12 on Jul 18, 2004 05:25 PM ]
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Libra63
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posted on July 18, 2004 05:30:56 PM new
You can't bid against yourself. What that bidder has done is raise his lowest bid higher hoping to guarantee he will win the auction. He might have started with the $20.00 bid then he decides maybe that is to small so he then bids $25.00. then he thinks again and raises it to $30.00. Well in order for someone to be a high bidder they have to bid higher than $30.00. If another bidder comes in and bids $22.00 than the original bidders bid raises to $23.00 He still is high bidder until someone bids over his last bid. I hope that makes sense. I have that happen alot on my jewelry auctions. Someone bids then raises their own bid hoping they will not be out bid before the auction closes.
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neroter12
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posted on July 18, 2004 05:43:41 PM new
Libra, I had that happen too and have seen in in greater degrees than on my auctions. But I thought at EOA you got to see what the highest bid was? Must of been wrong on that one.
But then it couldnt have been the lot for 20.70 then, right? I mean if he upped his starting bid from 20 and didnt meet the reserve?
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Libra63
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posted on July 18, 2004 05:50:02 PM new
No I didn't see the reserve. That seller should never have used that option of so much a magazine because that is not true.
If he would have met the reserve then it would have showed all he did was up his bid and since you can't bid against yourself it didn't raise
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