Most commonly referenced on eBay, shill bidding is when the seller of an item has a third party bid on their item solely with the intent of driving the price up and not for the purpose of buying the product.
Shill bidding is very popular with items such as cars and electronics. Individuals involved in shill bidding can sometimes be spotted on sites such as eBay by looking through a buyers betting history and comparing the number of items bet on compared with the number of items won (typically the number of items won is extremely lower than items bet on).
Normally a shill bidder is either a friend of the seller, a paid associate, or simply just a separate personal account of the seller. Shill bidding can be successful for its purpose due to the fact that if the third party shill bidding is the winner of the auction, he/she will simply be reimbursed by the seller for the purchase price and a re-listing of the item may occur.
Shill bidding can result in legal action if a serious enough infringement and/or a series of infringements occur.
Shill bidding is very popular with items such as cars and electronics. Individuals involved in shill bidding can sometimes be spotted on sites such as eBay by looking through a buyers betting history and comparing the number of items bet on compared with the number of items won (typically the number of items won is extremely lower than items bet on).
Normally a shill bidder is either a friend of the seller, a paid associate, or simply just a separate personal account of the seller. Shill bidding can be successful for its purpose due to the fact that if the third party shill bidding is the winner of the auction, he/she will simply be reimbursed by the seller for the purchase price and a re-listing of the item may occur.
Shill bidding can result in legal action if a serious enough infringement and/or a series of infringements occur.
Mike wanted to sell his car on eBay but he worried that the selling price might be lower than what he'd hoped, so he made sure two of his friends were shill bidding on it to help him out.
by helpful hand October 19, 2009
Stands for Black I'd Do
Basically its a term like milf for communicating with your friends for a black chick that you would pound heavily.
Basically its a term like milf for communicating with your friends for a black chick that you would pound heavily.
Person x: See that black woman over there?
Person y: Yeah?
Person x: BID?
Person y: Oh fuck no that arse is fucking enourmous and just look at the face on it. What the fuck mate?
Person y: Yeah?
Person x: BID?
Person y: Oh fuck no that arse is fucking enourmous and just look at the face on it. What the fuck mate?
by Rcgmundeep June 18, 2009
Bidding on an eBay item minutes or even seconds before the bidding ends, usually only a small amount above the current bid. This bidding method is recommended when there is quite a number of bids already placed on the item.
Joe: Hey Fred! Did you manage to get that bike off eBay?
Fred: Nar man... I was bid sniped. But that figures, there was like 20 people bidding on it
Fred: Nar man... I was bid sniped. But that figures, there was like 20 people bidding on it
by StalkingYaMum May 9, 2010
by ThE K@niLeKinG January 28, 2011
when you ask some friends to bid for an item you're selling (e.g. on ebay) they buddy-bid for you to force up the price.
A: "eh man, i got some stuff i'm trying to sell on the net. the auction's over in about an hour and it's still at $15.50. would you be so kind to help me out?"
B: "sure, dude. i'll buddy-bid on your items."
A: "alright, man. i o u some."
*click*
B: "sure, dude. i'll buddy-bid on your items."
A: "alright, man. i o u some."
*click*
by dizzle-a-quizzle. February 24, 2006
The act of bidding on an item in an auction setting in desperation or anxiety of weather someone else will purchase the item you have become emotionally engaged in.
Paying too much for an item on ebay because it is rare and the audience is so wide spread you feer someone else will win the item. Other examples include Barrett-Jackson auction and over paying for a classic car because of egos and money. I was panic bidding on the ferrari because it was a great deal and there were too many other bidders and was afraid of being a loser.
by Jeff Johnson jjay911 March 17, 2006
by Gary Peeples June 4, 2005