Ads
related to: automatic ebay bidder
Search results
Results From The WOW.Com Content Network
However, online auction sites, unlike live auctions, usually have an automatic bidding system which allows a bidder to enter their maximum acceptable bid. This is a hidden or proxy bid, known to the system, but not any other bidders; during the auction the actual bid is incremented only enough to beat the existing highest bid. For example, if ...
Proxy bidding is an implementation of an English second-price auction used on eBay, in which the winning bidder pays the price of the second-highest bid plus a defined increment. It differs from a Vickrey auction in that bids are not sealed; the "current highest bid" (defined as second-highest bid plus bid increment) is always displayed.
Auction sniping can be done by software on the bidder's computer, [18] or by an online sniping service. [19] [20] eBay Germany banned automated sniping services in 2002, [21] but the ban was declared illegal by Berlin's County Court, and revoked. [22]
In 2011, a bidder on eBay became the first individual to be convicted of shill bidding on an auction. [26] By taking part in the process, an individual is sometimes breaking the law, depending on the relevant jurisdiction, for example breaking the European Union fair trading rules which carries out a fine of up to £5,000 in the United Kingdom .
Besides making single bids anytime, users could use a so-called "Bidbutler", which was an automatic bidding tool. Users could employ a maximum of 50 Bidbutler bids each time. Once a Bidbutler was active, it would automatically bid in the final 10 seconds of the auction in an attempt to keep the user as the highest bidder.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
eBay v. Bidder's Edge, 100 F. Supp. 2d 1058 (N.D. Cal. 2000), was a leading case applying the trespass to chattels doctrine to online activities. [1] [2] In 2000, eBay, an online auction company, successfully used the 'trespass to chattels' theory to obtain a preliminary injunction preventing Bidder's Edge, an auction data aggregator, from using a 'crawler' to gather data from eBay's website.
In a lowest unique bid auction, the bidder who submitted the single bid of $0.06 would win the auction, and would be eligible to purchase the product or service for $0.06, because their bid was the lowest unique bid. In a highest unique bid auction, the bidder who submitted a bid of $0.09 would win the auction.