Quote:
Originally Posted by BrianG
I think it works like someone mentioned above. The seller has a phantom bidder (either himself with a different account or a friend) and if the item is not selling for what they want, the phantom bidder places an outrageous and artificial bid. The real bidder sees he is outbid at the $300 mark, and tries to incrementally win the bid by continuing to increase his max bid. Some people get stuck in a "I have to win this" mentality when doing this and keep on increasing their max bid. Anyway, then the seller retracts the abnormally high bid leaving the next guy as "winner".
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True, but in this case there are two bidders bidding outrageous amounts. The real buyer willing to pay $300 has no reason to up his bid.
Another possibility: it may be the buyer(s) trying to scam a new seller, who gets a ridiculously high selling price, gets some fake payment and ships it out not knowing he got scammed.
