posted on March 19, 2001 08:06:49 AM
24 hours before an auction closed I received an email from the bidder stating that they had not put a decimal where it should have gone and had placed the wrong bid (meant 64.94 entered 6494.00) They asked me to correct it. I sent back the link for
the bidder to correct the bid. They did not.
The item closed high (over 200) with 18 bids and the decimally challenged bidder is obviously not going to go through with the transaction. Do I:
Offer it to the back bidder or
file for credit and relist?
posted on March 19, 2001 09:45:49 AM
Your sloppy winner has revealed the runner-up's maximum proxy bid for you. If you decide to offer it to the runner-up, I think the honorable thing to do would be to offer it to him at the price it would have sold for if the sloppy winner had retracted his bid as you requested.
F'rinstance:
Bidder A entered proxy of $6494.00
Bidder B entered proxy of $80.00
Bidder C entered proxy of $50.00
So the final auction price would be $81.00, one increment higher than B's maximum.
If A dropped out, the final price would be $51.00, one increment higher than C's maximum.
Because A didn't drop out, you know that B would have spent as much as $80.00 on the item. But the competing bidders would not have driven the price up that high. Again, I think the honorable thing would be to offer it for $51.00. If you don't want to do that, my suggestion would be re-list.
[ edited by triplesnack on Mar 19, 2001 10:00 AM ]
