Assuming that there isn't a proxy higher bid issue with an eBay auction and that therefore the current price displayed is the maximum that the current winning bidder wishes to pay. What happens if two snipers were to schedule snipes for 5secs prior to close?
Would both snipes get placed, with the result that the higher sniper would pay just enough above the lower sniper to win, or would the lower sniper's snipe not get placed at all, with the result that the final selling price is far lower than if everyone used eBay proxy bidding.
Cheers
Malcolm
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