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Sales, Swaps, Auction & Approvals/Auction Disc. : Revising / cancelling a bid

 

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cougar
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20 Jul 2017
01:46:59am

Approvals
I just made a mistake of putting a $31 bid on a stamp instead of the 31c intended.
Is there any way for a bid to be withdrawn?

Thanks!
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michael78651
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Moderator, MT Member

20 Jul 2017
02:01:33am
re: Revising / cancelling a bid

From the Auction Tutorial:

"WARNING!! Bids can not be retracted. Make sure that the bid amount is correct before submitting it. For example, if the desired bid is "1.75", make sure that "175" is not entered. If it is, the system will enter a bid of "$175.00". Mistakes do happen, and sometimes obvious bidding errors may be able to be corrected by contacting the Web Master. When a bid is submitted, the system informs the bidder if the bid was successful (became the high bid) or was unsuccessful (not high enough to beat the current high bid). The bidder can decide to bid again, increase the high bid, come back later, or give up and look for another lot on which to bid."

I do not have access to the system programming, but as stated above, contact the webmaster to get this corrected. Make sure to include the auction listing ID number. To send a private message to the webmaster, use the following username: auldstampguy

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cougar
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20 Jul 2017
02:21:57am

Approvals
re: Revising / cancelling a bid

Thanks Michael!

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auldstampguy
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Collector, Webmaster

20 Jul 2017
05:23:31am
re: Revising / cancelling a bid

In Michael's example above where you wanted to bid $1.75 and you bid $175.00, if you go back and make another bid of say $2.00 it should change your top bid to $2.00.

Regards ... Tim

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michael78651
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Moderator, MT Member

20 Jul 2017
10:21:58am
re: Revising / cancelling a bid

Aha! Looks like I need to make a correction in the tutorial.

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"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/store/the-online-stamp-shop
51Studebaker
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Dialysis, damned if you do...dead if you don't

20 Jul 2017
01:13:25pm
re: Revising / cancelling a bid

Can a person place a very high bid during the auction (discouraging others from bidding) and then drop their bid just before the auction closes?
Don

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"Current Score... Don 1 - Cancer 0"

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smauggie
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20 Jul 2017
03:45:29pm
re: Revising / cancelling a bid

Hi Don,

I did a bit of experimenting with this. Here is how it works.

Example:
1. Opening bid on Lot A is $1 and there are no bids as yet.
2. Bidder A bids $5 on Lot A, bringing the actual bid amount to $1.
3. Bidder B bids $1.50 on Lot A bring the actual bid amount to $1.50, with Bidder A still winning.
3a. Stamporama auction software adds proxy bid for Bidder A bringing bid to $1.75 (the next highest bid increment).
4. Bidder A is free to re-bid on Lot A for any dollar amount that is equal to or greater than the actual bid amount of $1.50 $1.75, and remains high bidder until he is outbid or wins the auction lot.

Note: I edited my example to more closely match Michael's more complex analysis below, but the change in effect is negligible.

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canalzonepostalhistory.wordpress.com
51Studebaker
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Dialysis, damned if you do...dead if you don't

20 Jul 2017
03:54:30pm
re: Revising / cancelling a bid

Ah, I see. Thanks for looking closer at this.
Don

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"Current Score... Don 1 - Cancer 0"

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michael78651
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Moderator, MT Member

20 Jul 2017
04:14:23pm
re: Revising / cancelling a bid

"Can a person place a very high bid during the auction (discouraging others from bidding) and then drop their bid just before the auction closes?"



I'll break this down to three parts:

"Can a person place a very high bid during the auction"


YES.

"and then drop their bid just before the auction closes"


Yes, but you can not drop your bid lower than what the next bidding increment is.

"discouraging others from bidding"


No, because if you bid higher than the next bidding increment, you high bid will become a "proxie bid". No one will be able to see it, and the system will only bid for you following the set bidding increments needed to beat any one else's bid until your maximum bid is reached.

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"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/store/the-online-stamp-shop
auldstampguy
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Collector, Webmaster

20 Jul 2017
08:14:21pm
re: Revising / cancelling a bid

You have it correct Michael and Antonio.

Tim.

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cdj1122
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Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..

22 Jul 2017
06:17:14pm
re: Revising / cancelling a bid

Now you tell me after I spent a day and half hoping that the $227.00 (Intending $2,27)
did not find someone who really wanted that stamp, bidding $10,99 )+/- a fw
Fortunately I won for the $1.27 that was the next lowest bid.

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".... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "
michael78651
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Moderator, MT Member

22 Jul 2017
06:29:15pm
re: Revising / cancelling a bid

I'll revise the tutorial when I get back.

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"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/store/the-online-stamp-shop
2010ccg

23 Jul 2017
07:34:35pm
re: Revising / cancelling a bid

This has happen to me once a bit ago I contacted the seller and explained what had happened and the seller corrected the bid...Not sure how but she did

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michael78651
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Moderator, MT Member

30 Jul 2017
06:42:41pm
re: Revising / cancelling a bid

"I contacted the seller and explained what had happened and the seller corrected the bid...Not sure how but she did"



A seller should not be able to do that, unless she contacted the webmaster. Sellers being able to change bids on their items is a big no, no.

Anyway, I have updated the tutorial to explain how a bidder can correct bid amounts placed in error. Note that once you bid on an item, however, you cannot retract that bid to avoid buying the item. So, be careful before clicking on the submit button to be sure that you really want to buy the item. You will have to pay for it if you are the high bidder.
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"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/store/the-online-stamp-shop
        

 

Author/Postings
Members Picture
cougar

20 Jul 2017
01:46:59am

Approvals

I just made a mistake of putting a $31 bid on a stamp instead of the 31c intended.
Is there any way for a bid to be withdrawn?

Thanks!

Like
Login to Like
this post
Members Picture
michael78651

Moderator, MT Member
20 Jul 2017
02:01:33am

re: Revising / cancelling a bid

From the Auction Tutorial:

"WARNING!! Bids can not be retracted. Make sure that the bid amount is correct before submitting it. For example, if the desired bid is "1.75", make sure that "175" is not entered. If it is, the system will enter a bid of "$175.00". Mistakes do happen, and sometimes obvious bidding errors may be able to be corrected by contacting the Web Master. When a bid is submitted, the system informs the bidder if the bid was successful (became the high bid) or was unsuccessful (not high enough to beat the current high bid). The bidder can decide to bid again, increase the high bid, come back later, or give up and look for another lot on which to bid."

I do not have access to the system programming, but as stated above, contact the webmaster to get this corrected. Make sure to include the auction listing ID number. To send a private message to the webmaster, use the following username: auldstampguy

Like
Login to Like
this post

"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/sto ...
Members Picture
cougar

20 Jul 2017
02:21:57am

Approvals

re: Revising / cancelling a bid

Thanks Michael!

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auldstampguy

Collector, Webmaster
20 Jul 2017
05:23:31am

re: Revising / cancelling a bid

In Michael's example above where you wanted to bid $1.75 and you bid $175.00, if you go back and make another bid of say $2.00 it should change your top bid to $2.00.

Regards ... Tim

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mncancels.org
Members Picture
michael78651

Moderator, MT Member
20 Jul 2017
10:21:58am

re: Revising / cancelling a bid

Aha! Looks like I need to make a correction in the tutorial.

Like 
2 Members
like this post.
Login to Like.

"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/sto ...
Members Picture
51Studebaker

Dialysis, damned if you do...dead if you don't
20 Jul 2017
01:13:25pm

re: Revising / cancelling a bid

Can a person place a very high bid during the auction (discouraging others from bidding) and then drop their bid just before the auction closes?
Don

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"Current Score... Don 1 - Cancer 0"

stampsmarter.org
Members Picture
smauggie

20 Jul 2017
03:45:29pm

re: Revising / cancelling a bid

Hi Don,

I did a bit of experimenting with this. Here is how it works.

Example:
1. Opening bid on Lot A is $1 and there are no bids as yet.
2. Bidder A bids $5 on Lot A, bringing the actual bid amount to $1.
3. Bidder B bids $1.50 on Lot A bring the actual bid amount to $1.50, with Bidder A still winning.
3a. Stamporama auction software adds proxy bid for Bidder A bringing bid to $1.75 (the next highest bid increment).
4. Bidder A is free to re-bid on Lot A for any dollar amount that is equal to or greater than the actual bid amount of $1.50 $1.75, and remains high bidder until he is outbid or wins the auction lot.

Note: I edited my example to more closely match Michael's more complex analysis below, but the change in effect is negligible.

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this post

canalzonepostalhisto ...
Members Picture
51Studebaker

Dialysis, damned if you do...dead if you don't
20 Jul 2017
03:54:30pm

re: Revising / cancelling a bid

Ah, I see. Thanks for looking closer at this.
Don

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this post

"Current Score... Don 1 - Cancer 0"

stampsmarter.org
Members Picture
michael78651

Moderator, MT Member
20 Jul 2017
04:14:23pm

re: Revising / cancelling a bid

"Can a person place a very high bid during the auction (discouraging others from bidding) and then drop their bid just before the auction closes?"



I'll break this down to three parts:

"Can a person place a very high bid during the auction"


YES.

"and then drop their bid just before the auction closes"


Yes, but you can not drop your bid lower than what the next bidding increment is.

"discouraging others from bidding"


No, because if you bid higher than the next bidding increment, you high bid will become a "proxie bid". No one will be able to see it, and the system will only bid for you following the set bidding increments needed to beat any one else's bid until your maximum bid is reached.

Like
Login to Like
this post

"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/sto ...
Members Picture
auldstampguy

Collector, Webmaster
20 Jul 2017
08:14:21pm

re: Revising / cancelling a bid

You have it correct Michael and Antonio.

Tim.

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this post

mncancels.org

Silence in the face of adversity is the father of complicity and collusion, the first cousins of conspiracy..
22 Jul 2017
06:17:14pm

re: Revising / cancelling a bid

Now you tell me after I spent a day and half hoping that the $227.00 (Intending $2,27)
did not find someone who really wanted that stamp, bidding $10,99 )+/- a fw
Fortunately I won for the $1.27 that was the next lowest bid.

Like
Login to Like
this post

".... You may think you understood what you thought I said, but I'm not sure you realize that what you think you heard is not what I thought I meant. .... "
Members Picture
michael78651

Moderator, MT Member
22 Jul 2017
06:29:15pm

re: Revising / cancelling a bid

I'll revise the tutorial when I get back.

Like
Login to Like
this post

"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/sto ...
2010ccg

23 Jul 2017
07:34:35pm

re: Revising / cancelling a bid

This has happen to me once a bit ago I contacted the seller and explained what had happened and the seller corrected the bid...Not sure how but she did

Like
Login to Like
this post
Members Picture
michael78651

Moderator, MT Member
30 Jul 2017
06:42:41pm

re: Revising / cancelling a bid

"I contacted the seller and explained what had happened and the seller corrected the bid...Not sure how but she did"



A seller should not be able to do that, unless she contacted the webmaster. Sellers being able to change bids on their items is a big no, no.

Anyway, I have updated the tutorial to explain how a bidder can correct bid amounts placed in error. Note that once you bid on an item, however, you cannot retract that bid to avoid buying the item. So, be careful before clicking on the submit button to be sure that you really want to buy the item. You will have to pay for it if you are the high bidder.
Like 
2 Members
like this post.
Login to Like.

"Author: Seasons of Fantasies and Dreams, The Whitechapel Fog"

www.hipstamp.com/sto ...
        

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