[quote name=\'clemon79\' date=\'Oct 2 2005, 04:31 PM\'][quote name=\'whoserman\' date=\'Oct 2 2005, 12:25 PM\']The first bidder opened for $20. The second bidder bid $100...and then the second bidder upped his bid to $175 for no reason! Am I missing something here?[/quote]
Shill bidding, or the guy who posted it set a reserve higher than $100.[/quote]
Almost certainly the latter. There's no benefit to the seller for a shill bid to trigger the reserve price. A brief explanation for those unfamiliar with Ebay practices:
The seller had a "reserve" price, a price initially unknown to the bidders, but a price below which the item will not sell. Presumably, the second bidder put in a $100 bid, saw that it didn't meet the reserve price, then went back later to make a larger bid that did. Keep in mind that the bidder probably placed a bid larger than $175, but we won't know that for sure until some bigger goomba tries to top him.
Personally, I'm not a fan of the reserve price. Just make your bottom-line price the opening bid. If you don't get any bids, then no one wanted to pay that much.