Auctions and Private Bids?

[Karik Verlee]

Can someone explain to me the reasoning of private bids? I don't get it.

[Downs]

rich people that wanna keep a low profile... maybe ashamed of buying something....

[MatronDeWinter]

1.) You send a pm to someone with your offer in hopes they will accept it before others get the chance to bid up the item.

2.) It's a way for the seller to raise (bid up) the value of his/her own item.

3.) A mysterious +15-+20 power+ quarterstaff collector just placed a bid and wishes to remain annonymous.

Which do you think is more likely?

[Karik Verlee]

1.) You send a pm to someone with your offer in hopes they will accept it before others get the chance to bid up the item.

2.) It's a way for the seller to raise (bid up) the value of his/her own item.

3.) A mysterious +15-+20 power+ quarterstaff collector just placed a bid and wishes to remain annonymous.

Which do you think is more likely?

#2 for the win!

[Budner]

Or seller can lie, say he reveived a higher bid in order to entice higher bids from other parties. Create a black box and see who the last sucker at the table is.

[Lazarus]

Its two things I dont like when someone sell stuff. Thats private bidding and not putting an ending time. "Until I get a number that I like" is unacceptable. Just say you have the right to not sell the item.

[Hrum]

I disallow private bids on anything im selling because its cheesy and fraudulent. Private buyouts are okay, however.

If you want anonymity for some f'tarded reason, you can pay the premium and buy the item at its buyout price. Otherwise you have to make your bid public. The only legitimate purpose private bidding serves is like Matron and others have said, allowing the seller to extort more money out of his clients.

[nightshark]

Dumbest thing I ever did was make a sale on IRC because I was too lazy to make a thread. Sold a +25 vanq qstaff for 8k when they're worth more like 25-30. Grats to jimi.hendrix for the deal of the decade. Only +25 vanq I've looted since I started here!

Private bids are a good way to get a great deal -_-

[MatronDeWinter]

Dumbest thing I ever did was make a sale on IRC because I was too lazy to make a thread. Sold a +25 vanq qstaff for 8k when they're worth more like 25-30. Grats to jimi.hendrix for the deal of the decade. Only +25 vanq I've looted since I started here!

Private bids are a good way to get a great deal -_-

That's not what this is about.

This is about public auctions on the forums, where the seller post's something like..

Bidding is now at 190k to the mystery private bidder!

[nightshark]

Dumbest thing I ever did was make a sale on IRC because I was too lazy to make a thread. Sold a +25 vanq qstaff for 8k when they're worth more like 25-30. Grats to jimi.hendrix for the deal of the decade. Only +25 vanq I've looted since I started here!

Private bids are a good way to get a great deal -_-

That's not what this is about.

This is about public auctions on the forums, where the seller post's something like..

Bidding is now at 190k to the mystery private bidder!

Yeah, I know, I kind've (to put it lightly) diverted from the OP. I'm really good at rambling when I'm bored at work.

I usually stop bidding when there are private bids, out of spite.

[GomerPyle]

stop being so paranoid
i bid privately all the time

[BlackFoot]

also a way for seller to save face after trying to collect a ridiculous amount of money for an item

1000000000 gold for a blue hat! sold to private bidder!

[Hicha]

Shill Bidding

[Pacifico]

This thread is now mine, I put in a private bid for it and won

quick and clean deal, no broker needed
+1 Karik Verlee

[Lazarus]

Pacifio is a good guy to deal with too. Very honest and forthright.