Last night I noticed a KAC bipod auction that ends today and the bipod was still priced in the $3xx range. I've been watching them lately, and I know they typically sell for $750+. So, I put in a bid of $600. The high bid jumped to $605, and I saw the message, that I was unfortunately not the high bidder at that point. I logged back in this afternoon to check out the item's status again, and come to find out, I'm the high bidder with a price of $385.
I check out the bid history and find this (note the bid retraction at the bottom):
So, basically, Burlsbuying has an F rating. Yesterday, I recall seeing that his bid was from 4/14, I think... maybe 4/15. The date there is only the retraction date. So, the guy had a winning bid for 5-ish days before retraction. Because my maximum bid was exposed, I was not satisfied with the idea that the seller or whomever could fraudulently and confidently bid me right up to my maximum before auction end. So, I sent a note to gunbroker that I was not satisfied with this situation, wanted my bid retracted and would NOT honor the bid if it were pushed up to my maximum at auction end. The response:
So, if you're a seller, it behooves you to have at least 1 fraudulent account with which you can test the maximum bids of your buyers. Then you can retract your fraud account's bid, and push your top buyer to his maximum bid with confidence.
I just thought you folks should know about this easily exploitable problem. I'll send them a link and invite them to defend this policy.
I check out the bid history and find this (note the bid retraction at the bottom):
So, if you're a seller, it behooves you to have at least 1 fraudulent account with which you can test the maximum bids of your buyers. Then you can retract your fraud account's bid, and push your top buyer to his maximum bid with confidence.
I just thought you folks should know about this easily exploitable problem. I'll send them a link and invite them to defend this policy.