Auto-bids on Sedo !!!!

[Bimbo]

Hi all,

Amazing auctions on sedo !?

Please see www.m6.com , recently auctionned on sedo... (not idn)

Seem to have a big pbm with their auto-bids !!!

Here, bidder-9 has auto-bidding himself to 12.000€ to 25.000€ !!!
And there were none others bidders.

Sedo not pro ?
Did you notice another 'sedo-bugs' ?


www.m6.com Bidding History :
Bidder Date Amount
Bidder 9 Dec/12/06 12:44 AM EST 25,000 EUR
Bidder 9 Dec/12/06 12:43 AM EST 22,000 EUR
Bidder 9 Dec/12/06 12:34 AM EST 20,000 EUR
Bidder 9 Dec/12/06 12:33 AM EST 17,000 EUR
Bidder 9 Dec/12/06 12:33 AM EST 15,000 EUR
Bidder 9 Dec/08/06 07:14 PM EST 14,000 EUR
Bidder 9 Dec/08/06 07:07 PM EST 12,722 EUR
Bidder 6 Dec/08/06 03:07 AM EST 12,222 EUR
Bidder 10 Dec/07/06 07:37 PM EST 11,000 EUR
Bidder 9 Dec/07/06 05:40 PM EST 10,100 EUR
Bidder 8 Dec/07/06 10:30 AM EST 10,000 EUR
(...)

[mulligan]

Bidder #9 is feeling out the reserve price

[Bimbo]

Originally Posted by mulligan

Bidder #9 is feeling out the reserve price

yes, you probably right...

[sarcle]

Originally Posted by mulligan

Bidder #9 is feeling out the reserve price

Same thing happens on ebay when the bidder bids to low but wants the item badly. They are just hoping to get it at the lowest possible price. There is nothing wrong with this. It's not a bug.

[Alphamale]

its called a proxy bid.

you set your max, and it bids your lowest and auto-bids to your max when faced with competition from other bidders.