Quote:
Originally Posted by pmax
A shill bid is entered after seeing the buyer's hand.
Wanna play cards sometime ?
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That's not really the same - I'm not losing if I'm outbid. You lose at an auction by paying more than your comfortable price.
In this case I've laid down the price I'm comfortable with (hopefully at the last minute.) If he overbids then he loses the sale and if he underbids he is just enforcing his reserve.
I guess the problem with a shill comes if one were to approach ebay as a game, put a low bid in early and try to respond to your opponents in real time. Maybe similar to playing some deep stone/paper/scissors tactics against team random.
Please can you help me understand: from a buyer's perspective what the difference is between a shill bid and a hidden reserve?