Loosing by one penny

owenpw · Guest

I've lost bids when my higher bid was under the increment required. In some cases, my bid wasn't registered because of this increment requirement. I understand this.

BUT, I've just lost a bid by one penny in which my bid was logged. How is it that the .01 increment beat me?

Auction 330566655385

Just trying to understand. I actually wanted this one!

Thanks.

OPW

Cupid · Joined: 09 Aug 2007 Posts: 7956 Location: Bristol, UK

The requirement relates to the current auction price, not to the actual bid of the high bidder.

At the time your bid was placed the auction price would have been US 175.50, so your bid of US 187.99 met the requirement.

However the actual bid was 188.00, so it still won because it was greater than your bid.
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Mark

Guest · Posted: Fri May 27, 2011 9:49 am Post subject:

Ah, for but one penny.

Thank you for the explanation. I understand.

Cheers!

nochkin · Guest

owenpw
I'm trying to understand this behavior for a few years. Maybe you can give me a hint.

Why would you snipe such a weird amount as 187.99? You have a very high chance to loose to someone who bid even numbers (most buyers put even numbers).

You should put 188.00 + a few cents more instead. For example, if you put 188.02, that's only 3 pennies more (about 0.01%). I'm sure it won't make any difference for you on your budget, but you have such a higher chance to win over those who bid even numbers.
I'm not fighting, I really want to know the background of those bids.

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