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eAuction 1.6.1.x >> Start Up and more >> Possible Reserve Price Bidding Problem
https://www.everyscript.de/cgi-bin/yabb/YaBB.pl?num=1116960538

Message started by mars on 05/24/05 at 20:48:58

Title: Possible Reserve Price Bidding Problem
Post by mars on 05/24/05 at 20:48:58

While doing some testing I found that if a bidder has the high bid, but that bid does not equal or exceed the reserve price, the bidder cannot raise their bid in order to be both the highest bidder and exceed the reserve price, thereby winning the auction. It appears the bidder is essentially stuck.
The program will continue to increase the 'Bid-Agent' ceiling if I use the 'Increase my highest bid' option, but the 'The High Bid Is:' remains unchanged and if I try to use the 'Bid-Agent' it refuses with the error message saying I am already the high bidder.

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EXAMPLE:
Start Bid: $10
Buy-It-Now: $20
Reserve: $15
Bid Increment: $1

The auction opens at $10
You use the Bid-Agent to begin (maybe by mistake) and bid that opening $10
Nobody else enters the auction.
You cannot raise your bid to meet the reserve price....or at least I could not
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Has anyone else had this problem or have I done something wrong in this testing for all possibilities?

Regards,
mars

Title: Re: Possible Reserve Price Bidding Problem
Post by Dieter Werner on 05/24/05 at 23:54:34

Yes - you are right ...
but this situation has been solved by the option 'increase my bid' - or am I wrong?

Title: Re: Possible Reserve Price Bidding Problem
Post by mars on 05/25/05 at 14:19:24

"Yes - you are right ...
but this situation has been solved by the option 'increase my bid' - or am I wrong?"__ Dieter Werner

Dieter, from what I have been able to test and conclude, you are unfortunately wrong, or I have mis-tested somewhere.

It looks like the bidder is stuck unless someone else places a higher bid. In the Example I used, if the 'Increase my highest bid' option is used after using the 'Bid-Agent", all that you see on the screen is, is the following:Hello XXX, your agent-bid has been raised successfully on..... Your highest bid $11.00 has been saved.. Note that the additional dollar increment was an 'increase my bid' option, not 'Bid-Agent'. If the 'Bid-Agent" is used, the attempted ceiling or maximum increase is rejected due to the bidder already being the highest bidder. 'Increase my highest bid' is only effective to someone who has previously used the 'Bid-Agent' if there is a bid higher than their current 'Bid-Agent' maximum.

Making a bid using the 'Bid-Agent' for less than the reserve, and then not having anyone surpass your 'Bid-Agent' maximum ( and the reserve price) locks the user and prevents them from ever being able to make at least a reserve price bid (for example, if the other bidder drops out before reserve price is met). The auction gets closed with no winner, no obligation to buy or sell from either party.

Because the program defaults to using the 'Bid-Agent' I think this could be a concern. One work around is to simply place some red colored text above the radio buttons clearly informing and warning the bidders of what each radio button bid option represents, but I thought both the creator of the program, Dieter, and the forum users would like to know this kind of information.

Regards,
mars

Title: Re: Possible Reserve Price Bidding Problem
Post by Dieter Werner on 05/25/05 at 17:33:01

I see ...
You are right as long as there is only one bidder.
Thanks for the hint - I will change this situation.

Title: Re: Possible Reserve Price Bidding Problem
Post by theman2000 on 03/07/06 at 18:59:25

First of all what a cool program.

I am having the same problem as above where the high bidder can not meet the reserve even though the bid is over the reserve.

Any help on this would be great.

Title: Re: Possible Reserve Price Bidding Problem
Post by Dieter Werner on 03/07/06 at 19:19:29

Hmmm ...
sorry, I thought that the issue has been solved in the past.
I will ckeck it again ...

Title: Re: Possible Reserve Price Bidding Problem
Post by theman2000 on 03/07/06 at 20:05:52

Dieter Werner wrote:

Hmmm ...
sorry, I thought that the issue has been solved in the past.
I will ckeck it again ...

Wow, no apoligies needed. I am greatful that you have shared your script with everyone and am thankful that you try to support it as much as you do. :)

Dave