Hoge opening bid in auction with no bids

It is possible to set opening bid whatever seller wants to. It can be lower than tt-value or very high like in this case.

If your item gets one bid it means you can't remove it from auction anymore. And if no other bids arrive, item is sold.

That is why some people put starting bid high, they want at least that amount and no less. But too high is always too high, nobody won't bid on it.

 

As Mora said, you can set anything you want. So this is either someone being a bit stupid, or a reseller trying to inflate prices (they'll get a friend to bid on it and thereby pull the average price up).

 

Do you mean your name is Mora said you can set anything you want ?It's all good. You don't say.

 

Why now? Where did you get it?Why didn't you do realize the seller could set the openning bid - silly him or her?Oh you can, can you?
And.
Try it.I don't know.

 

Yes, but the good friend could privately trade it back to the original person. All that's been lost then is the auction fee. A reseller might do this repeatedly to pull the average price up, and therefore make more money when they legitimately sell their products.

 

MA should really scan for such things, but just like real life this practise of having 'shill' bidders is widespread. I guess they accept it as a 'natural' economic process - unfortunately as the auction is in 99% of cases used to determine the market rate (especially as this info is now ingame) these underhand practises are unlikely to stop.

Interestingly though, by observing the seller and bidder names on such auctions, it should be possible to identify all those users who are attempting to pervert the economy, and therefore it should be possible to boycott their auctions. They will then be wasting their time, which lets all face it is far more valuable than a few PED extra on some dodgy item.

 

Whilst I sort of agree with you, if MA start imposing too many rules the idea of a free society falls down a bit. People should be allowed to do what they want, however "bad" it is. The buyers don't have to buy their products nor do they have to pay the higher prices resellers demand.

Reminds me of the continuous moans on EF about pilots :-)

 

And the opening auction fee is huge for this high markup....:loco:

 

Well, I guess that's one reason MA introduced the auction fee based on markup.

But remember, the resellers may be doing this "big time". So a few really high auction fees brings the overall average price up, and they can then sell their stock of the item (bought cheaply) for a higher price.

I'm only guessing, though. I don't know how resellers really operate :-)

 

Is it only a guess? That is just one of many reason MA introduced the auction fee based on markup.Huh.
Don't worry I will remember.
That's cool. For real. Compare that to low auction fees brings the overall average price up and they can then sell their stock of the item bought cheaply for a higher price.Oh. Don't be so modest. Do your friends call you guessing.
:-) Have you tried searching the Internet?

 

I somehow doubt it's a (stupid) attempt to manipulate the marketprice on this item, as most of these attempts involve playing with buyouts.
This happened with ep-40, ep-41, A104, marber bravo, ... lately. Seems that those market manipulators have been very active recently :(
Anyway, most of those lose their money, yes. Not on auction fee's but because they cant sell the items for 'their' price. A (to me) legendary example is the pathetic attempt to raise vigilante helmets (F) to +150. Some reseller started buying many helmets for that price, relisting them again. I dont need to tell you that vigilante helmets (F) still are relatively cheap :D

 

Why?:
said somehow doubt it is a stupid attempt to manipulate the marketprice on this item as most of these attempts involve playing with buyouts.
What does "this" refer to?What are you wearing?
When do you think artificial intelligence will replace lawyers?
Where?When is to him or her legendary example not
the pathetic attempt to raise vigilante helmets F to +150
?
Once more? Some may reseller started buying many helmets for that price relisting them, but not all.:-) Do you know anyone who needs it?

 

The max value is only the value it could have. So hop you loot one of those next ;-)