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I’m sure there’s a perfectly innocent explanation for this

September 2, 2012

RetractedBid

RetractTimeLeft

RetractHowLong

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.

Right.

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?

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