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Item # 124194018617

 
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andrew
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PostPosted: Sat May 23, 2020 11:37 am    Post subject: Item # 124194018617 Reply with quote

$211.08 was my losing Gixen bid. $211 won. $210 came in second.

Email from Gixen: BID UNDER ASKING PRICE

The bid increment was $2.50. $211 does not meet the bid increment minimum over $210. Should $210 have won ?
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Cupid



Joined: 09 Aug 2007
Posts: 6388
Location: Bristol, UK

PostPosted: Sat May 23, 2020 12:00 pm    Post subject: Reply with quote

The bid increment rule applies to the current auction price, not to the current maximum proxy bid (which is usually unknown until it is outbid).

At the time that the bid of $211 was accepted by Ebay, 10 seconds before the auction ended, the auction price was $205.07 ($202.57 + 1 bid increment of $2.50) and therefore Ebay were accepting any bid at $207.57 or above (auction price of $205.07 + 1 bid increment of $2.50) which the winning bid of $211.00 is, therefore their bid is accepted and they win, by less than one bid increment over the next highest accepted bid of $210.00.

To have had your bid of $211.08 accepted you needed to have an offset of at least 10 seconds. It's a good example of why smaller offsets don't necessarily win auctions that could have been won by larger ones.
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