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[quote="capitul8"]Following up my own post because I've figured it out - it took more digging to realize that the incremental part only applies to the visible \"current bid\" on the auction, not the hidden max bids.

So any bid must at least be one increment higher than the visible “current bid.” As long as it satisfies that condition, it can be submitted and accepted, but it may be immediately outbid by someone else’s max bid.

So if the visible number is 100, current max is 160, and submit a max bid snipe of 423, the new \"current bid\" becomes 5 over the current max of 160, for a current bid of 165.

If someone then bids a max of 420, they're well over the requisite incremental bid, but they are still short of my 423 max bid, and I win the auction with 423.

Bid increments come into play when the visible \"current bid\" price gets close to the highest max bid.

So if I have a max bid of 423 set to fire just before the auction ends, and all of the sudden, two other late bidders ratchet the current bid up to 420 with five seconds left to go, my bid of 423 will fall short of the new requisite bid increment (430), and won't be accepted. But again, this is only in cases where the current bid price gets close to someone's max bid and thus subjects the max bid to the increment rule.

That explains the concept of the bid increment advantage, which confused me in the first place and led to all of this. But I think I've got it all now, please correct me if I've messed anything up.[/quote]

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