Subject:
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Ebay Query
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Newsgroups:
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lugnet.market.auction
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Date:
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Mon, 15 Apr 2002 21:52:49 GMT
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Viewed:
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922 times
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Can anyone tell me how people manage to bid 1 cent more than me to win auctions.
e.g
made_of_stone (2) £10.01 15-Apr-02 19:46:48 BST
talltim@hotmail.com (8) £10.00 15-Apr-02 00:10:09 BST
talltim@hotmail.com (8) £7.00 09-Apr-02 18:58:58 BST
I can't remember the increment amount but 'im sure that it was more than 1
cent. This has happened a few times to me.
Tim
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Message has 3 Replies:
 | | Re: Ebay Query
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| (...) I believe it has something to do with where the last successful bid sits. e.g. If your max bid is $10.00 and the bid increment is $1.00 and the last successful bid was at $9.01, then a subsequent successful bid would be $10.01 which would (...) (22 years ago, 15-Apr-02, to lugnet.market.auction)
| | | Re: Ebay Query
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| (...) Maybe its the maximum bid thing? Ebay only raises you're bid the lowest it has to be- if 10.00 was your highest, and somebody had a maximum bid of, say, 11.00, it would only raise it 1 cent over yours. John Kruer (22 years ago, 15-Apr-02, to lugnet.market.auction)
| | | Re: Ebay Query
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| Say the current price is $7. You bid $10 and are winning. Then while the price is still $7 or so, someone else bids $10.01 and happens to be 1 cent above you, but since the price is currently $7, the min bid is $7.50, and he can bid anything above (...) (22 years ago, 15-Apr-02, to lugnet.market.auction)
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