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164200631141 Lost Bid

 
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pwat1554
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PostPosted: Thu May 21, 2020 4:11 am    Post subject: 164200631141 Lost Bid Reply with quote

Hi
I lost the bid even though the item was at GBP 700 until 4 seconds before the close. Should I reduce the number of seconds in future? My max was GBP 750 and sold for GBP 770.
Perhaps I was out-Gixened Smile
Thanks
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Cupid



Joined: 09 Aug 2007
Posts: 6453
Location: Bristol, UK

PostPosted: Thu May 21, 2020 4:38 am    Post subject: Reply with quote

The lower your offset the less likely your bid is to be accepted not more, since the price is likely to be higher the later you are in the auction.

So, a higher offset (to result in an earlier bid) might have resulted in your bid being accepted, however at 750 it would not have won since there was already a bid of that amount placed over 2 days before the auction ended.

It's the highest accepted bid that wins on Ebay, if the two highest accepted bids are for the same amount the earliest wins.

At the end of the day though, someone else was willing to bid at least one bid increment more than your bid. The only way to beat that is to be prepared to bid more than that, timing isn't the issue at all when someone is prepared to bid that much more than you are.
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PostPosted: Fri May 22, 2020 4:58 am    Post subject: Reply with quote

Thank you Mark, understood.
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