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Posted: Fri Jan 18, 2008 12:16 pm Post subject: Won by one cent |
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310014603399
This is the auction. 26.27 was my gixen number. I am pleased to win at this price but it is less than one dollar more than the previous bid. I believe the increment is one dollar at this price.
How did this work?
Gixen runs very smooth. |
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Cupid
Joined: 09 Aug 2007 Posts: 7601 Location: Bristol, UK
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Posted: Fri Jan 18, 2008 1:36 pm Post subject: |
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When your bid was placed the auction price was $23 (I think) that is jwalkersmtx's bid of $22 plus one increment... at that point the eBay increment applied to that price so $24 was the minimum bid that would be accepted and not to thendmusic1's actual maximum bid of $26.26 which only became fully visible after your bid had been placed... in this way it is possible to win by only 1 cent as you did... congratulations on your win. _________________ Mark |
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Guest
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Posted: Sat Jan 19, 2008 1:38 pm Post subject: |
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When I entered my proxy bid through gixen the minimum bid that could be placed was 23 (22.50 plus.50). My proxy bid was 26.27. Thendmus**'s background proxy bid was 26.26. I believe that the key is the increment only applies to a bid being accepted. Once both proxy bids are accepted the minimal increment does not apply.
I just said what Cupid said over again. Thanks.
I also wonder if my proxy bid was 27.26, would ebay have bumped it the full dollar increment? Would my winning bid have gone to 27.26? |
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Cupid
Joined: 09 Aug 2007 Posts: 7601 Location: Bristol, UK
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Posted: Sat Jan 19, 2008 2:14 pm Post subject: |
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[quote="Anonymous"]I also wonder if my proxy bid was 27.26, would ebay have bumped it the full dollar increment? Would my winning bid have gone to 27.26?[/quote]
Correct,
eBay would have used that element of your proxy as you suggest, up to 1 increment above the next highest bidder... so you would have had to pay up to 27.26 if you had bid 27.26 or higher... you saved nearly a dollar by bidding lower than that. _________________ Mark |
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Posted: Sat Jan 19, 2008 2:14 pm Post subject: |
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