I’m sure there’s a perfectly innocent explanation for this
September 2, 2012
So. Almost exactly 24 hours before the bidding closes, a high bid is placed, but for the “wrong amount” — $325 was a typo, apparently.
And 2 minutes and 10 seconds before the policy change time, and almost twelve hours after accidentally entering the wrong amount, the bid is retracted.
Haven’t won the item yet, I fully expect to get sniped, but I am doing the rational-actor 2nd-price-auction bid — I will not change my price, because I already bid what I was willing to pay.
But is it really a second-price auction if the bid-retraction policy is so lenient?