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Bidding Question.

 
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Maisatomai
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PostPosted: Sat Aug 22, 2009 5:32 pm    Post subject: Bidding Question. Reply with quote

Hi, the current bid of an item I wanted is $170. As the item is quite expensive, I expect the price to soar to >$600. I was wondering if I put in a bid of $600 in Gixen.com and no one actually bidded for this item, will I get it for $180 or $600?
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mario
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Joined: 03 Oct 2006
Posts: 6649

PostPosted: Sat Aug 22, 2009 5:44 pm    Post subject: Reply with quote

$180, unless if multiple item auction, in which case the calculation is more complicated.
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mario
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PostPosted: Sat Aug 22, 2009 5:46 pm    Post subject: Reply with quote

To be more correct, it's the current high bid + bid increment, so in this case it would be 172.50.
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juangrande



Joined: 09 Aug 2007
Posts: 889
Location: San Diego, California, USA

PostPosted: Sat Aug 22, 2009 6:31 pm    Post subject: Reply with quote

Actually, it is slightly more complicated than that. Here are the the possibilities:

1. If $170 is the opening bid and nobody else bids, you will win it for $170.

2. If someone bid exactly $170 and that is the current bid and nobody else bids, then you will win it for $172.50, as Mario indicated.

3. If someone else bid more than $170 and the current bid is $170, then there is no way to know ahead of time what you would win it for if nobody else bid. The winning bidder could have bid $600, for example, in which case you would lose and he would win for $600.

See eBay's bidding help page at

http://pages.ebay.com/help/buy/aboutbidding.html
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