I had AS place my bid 8 sec before auction ends. Another bidder sniped 3 seconds later and won by $.01, even though the bid increment should have been $.50.
eBay auction # 280729464747
This is a new one to me! Any thoughts?
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Read "Can I be outbid by less than a full increment?" on this link:
http://pages.ebay.com/help/buy...crements.html#outbid
http://pages.ebay.com/help/buy...crements.html#outbid
Rick - thanks for that, but it doesn't apply as the winning bid was placed AFTER mine and is less than a full bid increment.
Still applies.
Rick, I re-read that. My bad. Thanks again for the quick response.
"A winning bidder's maximum bid needs only to exceed the next highest maximum bid by one cent.".
Well, learned somthin new today. I usually do, whether I want to or not.
I take it to mean that ONLY proxy bids need to exceed the bid increment.
"A winning bidder's maximum bid needs only to exceed the next highest maximum bid by one cent.".
Well, learned somthin new today. I usually do, whether I want to or not.
I take it to mean that ONLY proxy bids need to exceed the bid increment.
Nope. The same thing (less than an increment thingy) applies to proxy bids. A snipe is just a proxy bid placed at the last few seconds.quote:I take it to mean that ONLY proxy bids need to exceed the bid increment.
I didn't put that quite right. Only prior bids need to exceed the bid increment. Is that it? In other words, only the last bid doesn't have to win by a full increment?
quote:I didn't put that quite right. Only prior bids need to exceed the bid increment. Is that it? In other words, only the last bid doesn't have to win by a full increment?
Hey Paul!
The bid increment has NOTHING to do with any proxy bids or final bid. It only comes into play with PLACING a bid. Ebay will not accept ANY bid for an item that does not exceed the CURRENT winning bid (regardless of any proxy bid held in reserve).
Maybe an example will help?
The current opening bid for an item is $30. Bidder#1 places a bid for $50 and holds the winning bid of $30. You come along and place (manually or by snipe) a bid for $80. You then hold the winning bid of $51. Bidder#3 places (either manually or by snipe) a bid after you for $80.02. This bid only has to be 1 bid increment above the CURRENT WINNING BID (which is $51), NOT your proxy bid held in reserve. Bidder#3 wins the item for $80.02.
The one thing about losing to a bid less than a bid increment is that it is the ONLY time you know for sure exactly what the winning bidder's maximum bid actually was.
Hope this helps.
