Reply to "3 cents higher"

puppyraiserMember

Lets try this another way.

Lets suppose there is an auction with an opening price of $10. Bidder A places a proxy bid of $20. eBay shows a current price of $10 with Bidder A winning. The minimum bid for the next bidder would be 10.50. (one increment above current price)

You come along and snipe for 20.03, and that would be fine with eBay because 20.03 is above the minimum. (10.50) You would also win by 3 cents.

Now, before your snipe, suppose bidder B had joined in and placed a proxy bid for 19.25. eBay would show bidder A still in the lead, but the current price has been raised to $19.75

Your snipe for 20.03 isn't accepted in this case, because it's not a full increment above the current price. Your bid would have to be at least $20.25 (one increment above 19.75)

10/4/047:43 AM

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