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Great, thanks for that L. I’m just trying to get my head around trademe rules. So, again in principle, and I’m not condoning this, but if I were selling an item I could get a friend to put a very high auto bid value, become the highest bidder, remove the (non-genuine) high bid and leave the next highest (genuine) bidder having to buy at the highest price they were prepared to pay? Unless they also request removal of their bid that is.
Thanks for letting me know about that Arthur. So just so I'm clear on this, trademe apparently legally obliges buyers to pay for auctions they bid on (by specifically requiring them to click that they understand their legal obligation) while also obliging sellers to remove those same bids? And anyone who has been in an autobid battle with that withdrawing bidder may be getting ripped off?
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Great, thanks for that L. I’m just trying to get my head around trademe rules. So, again in principle, and I’m not condoning this, but if I were selling an item I could get a friend to put a very high auto bid value, become the highest bidder, remove the (non-genuine) high bid and leave the next highest (genuine) bidder having to buy at the highest price they were prepared to pay? Unless they also request removal of their bid that is.
Jonathan
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Thanks for letting me know about that Arthur. So just so I'm clear on this, trademe apparently legally obliges buyers to pay for auctions they bid on (by specifically requiring them to click that they understand their legal obligation) while also obliging sellers to remove those same bids? And anyone who has been in an autobid battle with that withdrawing bidder may be getting ripped off?
Jonathan
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