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BID INCREMENT

 
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larrytown
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PostPosted: Wed Jan 17, 2018 7:04 pm    Post subject: BID INCREMENT Reply with quote

292402119324; I lost this auction. It seems that the winer either entered his bid sooner or somehow avoided the ebay incremant rule. Did he place a bid of greater proportions; perhaps somewhere in the $50 range? That may mean that his bid took priority. I have had many bids lost because of just a few cents higher than the winner. for instance I have placed a bid of $45.99 but was told that the increment did not meet ebay rules so they gave the item to the second place bidder. What's up with that?
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PostPosted: Wed Jan 17, 2018 7:04 pm    Post subject: BID INCREMENT

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juangrande



Joined: 09 Aug 2007
Posts: 840
Location: San Diego, California, USA

PostPosted: Wed Jan 17, 2018 8:30 pm    Post subject: Reply with quote

This happens occasionally and is normal. It can even happen that two bids are the same, in which case the earlier bid wins, as discussed in this thread.

The relevant part of the bidding history at the end of the auction looks like this.
Code:

r***5(1665)  $20.00    16 Jan 2018 at 1:15:45PM PST
0***i(864)   $19.99    16 Jan 2018 at 2:06:50PM PST
a***9(12)    $13.00    16 Jan 2018 at 2:06:47PM PST


Presumably, you are 0***i and r***5 outbid you by 1 cent and we know that r***5 bid exactly $20.00 at 1:15:45PM. Just before you bid, the bidding history would have looked like the following, with the current price $0.50 higher than the next lowest bid (since $0.50 is the bid increment when the current price is between $5.00 and $24.99).

Code:

r***5(1665)  $13.50    16 Jan 2018 at 1:15:45PM PST
a***9(12)    $13.00    16 Jan 2018 at 2:06:47PM PST


When you placed your $19.99 bid at 2:06:50PM PST, the bidding history revealed r***5's bid as $20.00.

Note that eBay did not add a full bid increment since that would have made the price higher than r***5's actual bid.

Had you bid $20.01, you would have won and the final bidding history would have looked like this.

Code:

0***i(864)   $20.01    16 Jan 2018 at 2:06:50PM PST
r***5(1665)  $20.00    16 Jan 2018 at 1:15:45PM PST
a***9(12)    $13.00    16 Jan 2018 at 2:06:47PM PST


Now that you know how this works, you could increase your chances of winning by bidding slightly more than an even amount rather than slightly less (e.g. $20.01 rather than $19.99). Many bidders bid an even amount, so bidding a few cents more than the even amount really does increase your chances.
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Cupid



Joined: 09 Aug 2007
Posts: 5460
Location: Bristol, UK

PostPosted: Thu Jan 18, 2018 2:52 am    Post subject: Reply with quote

... absolutely, and for similar reasons, when there are many snipers on an auction it can also increase the likelihood of you wining if you make your offset larger so that your bid actually gets in before the others even try to bid.

It is always the case that the highest accepted bid wins... but, when if your bid is not accepted it is impossible to win.
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