Quote:
Originally Posted by Dj_Sparky
How exactly does the shill bidding on Ebay work? What's the logic? Why would someone go over their own budget, or a sane amount of money, like absolutely max 500$ for a revo on ebay? If I was bidding for a car that was worth 500$ at a store, I wouldn't go over 500$. Or basically, I wouldn't bid higher than what an item was worth.
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I think it works like someone mentioned above. The seller has a phantom bidder (either himself with a different account or a friend) and if the item is not selling for what they want, the phantom bidder places an outrageous and artificial bid. The real bidder sees he is outbid at the $300 mark, and tries to incrementally win the bid by continuing to increase his max bid. Some people get stuck in a "I have to win this" mentality when doing this and keep on increasing their max bid. Anyway, then the seller retracts the abnormally high bid leaving the next guy as "winner".
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