Home  >  Community  >  The eBay Outlook  >  Can there be a $13.00 bid increment?


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 glassgrl
 
posted on June 8, 2001 04:53:22 PM
can someone explain this to me?
XXX(126) $90.95 Jun-08-01 16:00:24 PDT
XXX(0) $89.95 Jun-08-01 16:00:25 PDT
XXX(17) $76.01 Jun-08-01 16:00:13 PDT
XXX(126) $59.00 Jun-06-01 17:24:00 PDT
Anybody give me a clue as to what happened? You'll see the bid increment in the last two transaction at $1.00. But from $76.00 to $89? Is that saying the 2cnd bidder's high bid was 76.01 or 88.95? Because I watched it go down and there was a bid of 60.00 (which I assume was the 76.00 bid,) and then the other two bids. I wanted to see if a one second snipe would work, but I might of done myself in. The last two bids were mine. The "0" id was supposed of bid in the last ONE second, mine (the last one) in the last two seconds. So, to me, my bid shouldn't of gone in at all, the last one. No? yes?

 
 kidsfeet
 
posted on June 8, 2001 05:17:22 PM
XXX(126) $90.95 Jun-08-01 16:00:24 PDT
XXX(0) $89.95 Jun-08-01 16:00:25 PDT
XXX(17) $76.01 Jun-08-01 16:00:13 PDT
XXX(126) $59.00 Jun-06-01 17:24:00 PDT

The first bidder bid on June 6, with a high bid of $59.00

Then, there were 3 snipers

The second bidder bid his max of $76.01 at 4:13 and 13 seconds on June 8.

The winning bidder placed their bid of $90.95 at 4:24 and 24 seconds on June 8. (This person MAY have actually bid much higher, because the bid history will show up to the winning bid, and NOT up to the proxy).

The 0 feedback person bid a high of $89.95 at 4:00 and 25 seconds, just after the winning bidder.

The bidding ended up at $90.95 because the proxies battled it out, and the winning bidder's proxy (who bid one second before the 0 feedback bidder) was higher, so they won.

The bid increment was $1.00.





[ edited by kidsfeet on Jun 8, 2001 05:20 PM ]
 
 glassgrl
 
posted on June 8, 2001 05:31:47 PM
This is the letter from Ebay.......after the sale.

Your bid was in the amount of: $61.00
After processing all open bids for this item, the current bid price is: $77.01


 
 kidsfeet
 
posted on June 8, 2001 05:34:51 PM
That letter would be correct. Ebay letters are ALWAYS untimely. At that point, since the item was AT $60.00, the minimum bid in the bid box was $61.00. After the computer accepted your $61.00 bid, it compared it to the other person's proxy, which ended at 76.01, leaving the current bid, at that time, at $77.01. (This would be the winning person's bid, so there was still more room in their proxy, which did not kick in until the 0 feedback bidder tried to bid).
[ edited by kidsfeet on Jun 8, 2001 05:36 PM ]
 
 glassgrl
 
posted on June 8, 2001 06:22:38 PM
OK let's walk me through this sloooowwwly. I can safely assume I did myself in (you can quit laughing now) but I want to know how this works. Maybe we can all learn something here.
I "thought" that the "0"(me) bidder bidding at one second left in the auction would be the high bidder. But what you're saying is that when the "0" bidder bid, it bumped my proxy bid I had bid up over that. Is that close? Are you saying it bid for me twice? That I bid X at 2 seconds left in the auction, and that was 77.01. and then the "0" person bid with one second left, because my bid was higher it bid AGAIN? It seems to me that the "0" person should of won.

 
 kidsfeet
 
posted on June 8, 2001 06:33:31 PM
I am not laughing. Honest

I am trying to understand your part in this.

The 0 feedback person was the LAST person to bid in this auction.

But, the 0 feedback person's proxy was not high enough to beat the winner. So, the 0 feedback person in effect, bumped up the winner's bid to $90.95, where it ended. If the 0 person's proxy was HIGHER than the 126 person's proxy, then the 0 feedback person would have won.

The HIGHEST bid always wins, not the last bid.

Are you BOTH the 126 feedback winner AND the 0 feedback bidder?



 
 glassgrl
 
posted on June 8, 2001 07:37:07 PM
maybe I should of titled this "Folks, don't try this at home"
Let's just say I know both the bidders.


 
 
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