How can this bid be correct?

seedygalMember

New to autosnipe and boards...on my first AS attempt, ebay #5302551841, bid went like this:

Started: Jun-09-04 19:45:00 PDT
Ends: Jun-16-04 19:45:00 PDT

Bidding history (Highest bids first)

Date of Bid Bid Amount User ID
Jun-16-04 01:16:30 PDT US $61.50 oen123( 44)
Jun-16-04 19:44:55 PDT US $61.09 seedygal(142) ...

How did the bid placed so much earlier not set the new minimum bid? I didn't realize ebay was not amiable w/ AS, so I just got the "parasite AS" reply when I inquired w/ them.

Seedygal

6/24/0412:33 PM

❤️ 0

Original Post

Replies sorted oldest to newest

puppyraiserMember

The following table has been reorganized and sorted into date order.  First
bid placed is line #1.  That should make it easier to follow the auction.
Two additional columns have been calculated and added.  They are the current
bid and high bidder, as displayed on eBay after each bid is placed.        v2.1.08
* = Winning bid. 
 
                     Max                       Current Winning
  #    Bidder        Bid      Day & Time        Bid  &  Bidder
                   (US $)
  1   fauxpntr       9.00   09-Jun  20:56:18    9.00   fauxpntr     
  2   debi4530      20.00   10-Jun  16:17:14    9.50   debi4530     
  3   saneoo        25.00   11-Jun  12:00:52   20.50   saneoo       
  4   tennmtmn      25.00   12-Jun  19:28:31   25.00   saneoo       
  5   oen123       *61.50   16-Jun  01:16:30   26.00   oen123       
  6   seedygal      61.09   16-Jun  19:44:55   61.50   oen123       
        End                 16-Jun  19:45:00

Because of eBay proxy bidding system, the displayed price on ebay is NOT always someones maximum bid. Before your bid, eBay showed a current price of $26 (line 5). That's the portion of oen123's max bid it took to gain the lead from saneoo/tennmtmn in lines 3&4 (tied), but still far below the max they were willing to pay.

Only looking at the bid history, it's easy to forget about proxy bidding and what the 'current winning bid' might have been.

It's the highest bid that wins, not the last. You just got outbid.