Originally posted by Chatter:
I was SHOCKED
to see that a $30 "max" would be upped to the $83 to win! Like him, I had understood three increments
to mean three bid increments above my max
. But apparently three increments
REALLY means three increments above the current high bidder's max
, going into the last few seconds? Wow! With that in mind, then there would seem to be no limit to what one might be obligated to spend, in case of a win. This is especially true when there is a nuclear bidder involved in the auction.
Chatter, you need to read Cara’s post more carefully.
Originally posted by Auction Sniper Cara:
Bid Enhancement places a second bid if your first bid was too low. The number of bid increments is based on your maximum bid, not on the current high bid.
. . .
Instead we base the Bid Enhancement on your max bid.
I summarized it for you Chatter incase you’re too busy.