bid shielding

The practice of placing a low bid in an online auction and having a second person enter a bid that is high enough to discourage other bidders. At the last second, the high bid is retracted and the low bid wins.
Example Citations:
While online bidders have long worried whether the item they're buying will arrive in the promised condition — and sellers have wondered about being paid — these days they may also have to contend with "sniping," "bid shielding" and other bid manipulations.
— Monua Janah, "Online auction scams anger bidders," The San Jose Mercury, August 4, 1999
Bid shielding is an unethical practice of trying to block others from bidding. Here's how it works: One person bids $10 for a book and a colleague quickly bids $500, assuming that no one will overbid the inflated price. The high bidder retracts the bid at the last minute, giving the first person a $10 deal.
— Frances Ingraham Heins, "Online auctions can be fun; experts advise caution, doing your homework," Times Union (Albany, NY), August 21, 1999
Earliest Citation:
Other problems can arise from bid shielding, where a bidder and an associate make artificially high bids to discourage others from bidding, with the associate then dropping out to allow the bidder to win the auction with a lower offer.
— Vaughn Jones, "On-line sales in cyberspace," The Journal (Newcastle, England), February 11, 1999
Related Words: Categories:
I've come accross Bid Exposing.I high bid is put in to reveal the highest bid, than that bid is retracted. Watchers now know what the highest bid was and a hint at who placed it

New words. 2013.

Look at other dictionaries:

  • Bid-shielding — (Deutsch etwa: Gebotsabschirmung) bezeichnet eine Vorgehensweise, die es ermöglicht, einen in einer Internet Auktion angebotenen Artikel unterhalb seines Marktwerts zu erwerben. Inhaltsverzeichnis 1 Definition 2 Voraussetzungen 3 Beispiel …   Deutsch Wikipedia

  • sniping — n. The practice of winning an online auction by entering a last second bid, often by using special software. snipe v. sniper n. Example Citations: Mr. Bauer also said that he had been the victim of sniping, in which a nominal high bidder is… …   New words

  • shilling — n. The practice of putting up an item for sale on an online auction and then bidding up the price either by assuming a different identity or by using associates. Also: bid shilling, shill bidding. shill v, n. Example Citations: Last month, a… …   New words

  • Internet — altmetrics ambient findability arachnerd bid shielding bitcom black hole resort blog blogosphere …   New words

  • Money — 419 scam affluenza alpha boomer alpha earner appraisal mill bad debt art bid shielding BIY …   New words

  • cybervigilantism — ( n. The exposure or punishment of online lawbreakers by individuals not connected with the police or other legal authorities. Also: cyber vigilantism. cybervigilante n. Example Citations: Self appointed sheriffs scan… …   New words

  • dynamic commerce — n. The selling of goods and service via negotiated pricing, particularly via online auctions. (Also known as dynamic pricing and, inevitably, dcommerce or d commerce.) Example Citation: Andy Zoldan, vice president of Internet applications at… …   New words

  • international relations — a branch of political science dealing with the relations between nations. [1970 75] * * * Study of the relations of states with each other and with international organizations and certain subnational entities (e.g., bureaucracies and political… …   Universalium

  • Jackie Presser — (August 6 1926 ndash; July 9 1988) was an American labor leader and president of the International Brotherhood of Teamsters from 1983 until his death in 1988. He was closely connected to organized crime, and allegedly became president of the… …   Wikipedia

  • Radio-frequency identification — (RFID) is a technology that uses radio waves to transfer data from an electronic tag, called RFID tag or label, attached to an object, through a reader for the purpose of identifying and tracking the object. Some RFID tags can be read from… …   Wikipedia

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