Reply to "Sniping in the same bid increment"

shirleyMember

I'm assuming that they didn't hit simultaneously, of course -- don't know how three or more simultaneous bids would be handled.

Let's say the current high proxy is maxed out at $9.50 and three snipes hit with amounts of 12.00, 12.07, and 12.38.

For a few seconds, Sniper 1 would have the high bid at 10.00. Then Snipe 2 would hit, raising the high bid to 12.07. At that point Snipe #3 couldn't be placed, since the bid increment of .50 would require the minimum bid at that point to be 12.57. So Snipe #3 wouldn't ever show.

But it would be fairly easy to see (for those who get it, at least, or for those who consult the experts here) that the snipe wasn't placed because the bid increment wasn't high enough.

1/21/0410:03 PM

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