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Strange - gixen shows a much higher current price

 
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gixer
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PostPosted: Tue Dec 22, 2009 9:52 am    Post subject: Strange - gixen shows a much higher current price Reply with quote

Item 140367848166

At 9.51 AM Pacific time, Gixen shows me current price = 224.50 USD whereas it is only $61 on ebay at this time.

Could it be because bids were that high before and the seller cancelled those bids...?
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mario
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Joined: 03 Oct 2006
Posts: 6816

PostPosted: Tue Dec 22, 2009 12:33 pm    Post subject: Reply with quote

Yes, there was a retracted bid of 222, you can see it in the bid history. Even though it was retracted, it was not a high bid at the moment, so the current price jumped to 222 + bid increment.
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juangrande



Joined: 09 Aug 2007
Posts: 890
Location: San Diego, California, USA

PostPosted: Tue Dec 22, 2009 3:37 pm    Post subject: Reply with quote

Everything Mario said is correct, but it's strange that the high bidder bid after the bidder who retracted. Why would someone retract a bid after being outbid? Unless, it's a case of bid shielding...
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mario
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PostPosted: Tue Dec 22, 2009 8:20 pm    Post subject: Reply with quote

juangrande wrote:
Everything Mario said is correct, but it's strange that the high bidder bid after the bidder who retracted. Why would someone retract a bid after being outbid? Unless, it's a case of bid shielding...


True, that is strange. There was still around 45 minutes left between retraction and auction end, so it does not look like bid shielding.
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PostPosted: Tue Dec 22, 2009 8:20 pm    Post subject:

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Cupid



Joined: 09 Aug 2007
Posts: 6873
Location: Bristol, UK

PostPosted: Mon Dec 28, 2009 2:03 pm    Post subject: Reply with quote

The high bidder is now no longer registered. I suspect that it was an auction wrecking, perhaps the bidder had one of their own for sale at that time, or had a grudge against the seller for some other reason.
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