Dubious practices #1: Auctioneering

Reader Comments (Page 1 of 1)

12-21-2005 @ 4:39PM

L'Emmerdeur said...

I don't think anyone has an issue with buying underpriced items. However, there are people who will post items with ridiculously high prices, knowing that this will skew the Auctioneer values upwards. Then, they can auction items at prices that are higher than normal, but seem somewhat cheaper than normal when compared to Auctioneer historical values. People who are not aware of market values will end up paying these inflated prices, thinking they are cheaper than normal, when they are in fact higher than normal.

This is because Auctioneer only saves a few days' worth of prices, so it only takes a few auctions with absurdly high prices to skew the data in Auctioneer.

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