Also new to Gixen

lukesbiobug62 · Guest

I just found this today. I already have a high bid on an item, and was afraid I may loose it. So, without thinking, I placed a bid price with your service, and my old price is still on the high bid list on eBay. If that bid still stands, will the Gixen site bump the price and I will need to pay the higher price due to the Gixen bid? Should I retract my other bid?

Cupid · Joined: 09 Aug 2007 Posts: 7928 Location: Bristol, UK

The amount that you have provided to Gixen must be both higher than your current bid and at least one increment above the current price otherwise eBay will not accept it when Gixen comes to place the bid.

So long as the above is satisfied Gixen can still place the bid for you, you do not need to worry about having to pay a higher price than your maximum because the way eBay works if you have the two highest bids the price is NOT raised by the higher bid.

Of course if bids are submitted by other users that are higher than your current bid and lower than your Gixen bid then you will have to pay more than your current bid... that is of course what you would want if you are actually prepared to pay more than your current eBay bid.

Your strategy is not what I would recommend (I would recommend just sniping using Gixen, preferably with the Mirror option) because it encourages more bids on the item in order to beat your current already placed bid, however you should not have concerns that you would pay more just because you may end up with the two highest bids.
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mario · Site Admin Joined: 03 Oct 2006 Posts: 7241

lukesbiobug62, you can never bid against yourself. Gixen bid will increase your maximum bid, but not the current price. Only other bidders can increase the final price you pay (if you win).

lukesbiobug62 · Guest

Thank you for your response. I have a few in the win column because of this service. The losses are only because of bids too low. Guess I'll just have to bid higher.
Now, this brings up a new point. Say there is an item that is being bid on, the price is still way low and there are 2-3 people that have snipe bids that may be considerably more. Example, I saw a coin that was a coin that in my opinion should be worth $500-600, but was at around the $100 mark. As I was watching it at the time of closing, it jumped up another couple of hundred. But still seemed too low. The winner got an excellent price. But, what happens if you have 2 people that bid the more appropriate price that is several hundred $ more with bids that much higher going in simultaneously. Do they stay low, or is this all figured electronically? Does the system allow for large jumps in price like that? Just wondering.
I hope this question doesn't sound too random. Thanks again.

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Cupid · Joined: 09 Aug 2007 Posts: 7928 Location: Bristol, UK

It is eBay that works out the price that you pay based on the two highest bids... so, if there are more than one last second high bids, yes the price will jump up considerably... Gixen submits the bid you ask it to, as I say eBay works out the prices, you never have to pay more than one bid increment more than the second highest bidder (but as Mario says you can't outbid yourself and get a higher price as a result).
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Mark