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Shady Lane Retailers, Manufacturers, ePay, AudiogoN, Paypal or whatever. Buying and selling advice. |
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Shady Lane Retailers, Manufacturers, ePay, AudiogoN, Paypal or whatever. Buying and selling advice. |
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In Reply to: Ebay experts, a question posted by Laudanum on August 18, 2005 at 07:40:19:
You're certainly not the first to spot this sort of bidding. Its fairly common w/ BIN items. You bid $15.00 for a $20.00 BIN item w/ a $10.00 opening price. So far so good. You're whown as the lead bidder. Now, w/ a few moments left another bidder puts in a max bid of $15.00.... You bid first and had a max of $15.00, thus you're first in line so you're gonna win it for $15.00 The ebay system works for you as a "proxy" bidder, making an automatic bid to match the 2nd bidders max price.If the 2nd bidder had made a max bid of $15.01 against your $10.00 opening bid, he would have won the item for $15.01 since his max topped your max bid.
The Ebay system uses this "proxy bid" function anytime you make a bid above the next incremental bid amount; you bid $10.00 on a item w/ a $9.00 current bid, you'd be shown the top bidder @ $9.25 [$0.25 bid increment at this price level]. I've seen an item setting at $0.99 and at the last minute shoot up to over $100.00 because a single bidder put in a high max bid and last minute "sniper" bids pushed it up.
Hope this helps explain what happened.
Pete [Sniper Bids: One bid, One win] S.
Disturbed is a life style...deal with it.
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Follow Ups
- Re: ebay bidding, proxies and auto-bidding LONG - PeterS 16:20:05 09/26/05 (0)
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