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Reply to "? About Dutch Auctions"

You found it! I get it up until here:
quote:
* Bidding gets to the 10.00 range. I have an advantage because my bid was at that range 1st. If someone else bids 10.01 and wants all 10, I still get my 6 because I bid first.
I would have placed a late bid for 10.02, not 10.01 and won.
quote:
The other advantage is the bid increment thing. One time I didn’t bid early and the bid increment stopped me from bidding. Say in this case, the next available bid would be 11.00
Possible, but not always, and not in Crafty's case. The minimum bid is one increment above the LOWEST bid not the highest. So my bid for 10.02 would be valid.

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