BID UNDER ASKING PRICE despite me being highest bidder

[raveenshahdadpuri]

Dear Mario and Team,

Re : BID UNDER ASKING PRICE despite me being highest bidder

I lost a Bid last night, despite being the Highest Bidder at USD 121.88, it only wentto bid to as high as USD 20.61 .

eBay Item: 133384709629

Which means, my Bid went through, but not to my maximum Bid i was willing to pay for and put into the Gixen sniper.

Details here :

Item: 133384709629
Title: OFFICIAL REX RAY COLLECTION STORE - Rex Ray - Poster
Status (main): BID UNDER ASKING PRICE
Status (mirror): OUTBID
Your maximum bid: 121.88
Current price: 20.61

.

I have read through all the Forum posts, about bid increment, shilling, ets. - none of that seems to apply to me.

So, i am really confused !!

PLease advise.

Did i do something wrong ?

Thanks in advance.

[raveenshahdadpuri]

[Rickajho]

Did you modify your snipe in the last two minutes before the auction ended? That would be one reason why an original, lower snipe amount was used but gixen didn't have enough time to execute a modified snipe at $121.88. Thus the "two minute warning" on the bidding page every time you log in.

Rick

[raveenshahdadpuri]

[Gixen]

[Rickajho]

P.S. I missed the point about your bid (and the high bid) being $20.61

Since there were no other bids beyond $20.61 - and your proxy amount at $121.88 did not meet the reserve price - your bid moved no higher. This is an eBay bid increment rule in context of a reserve auction - gixen can't force a bid higher than eBay bidding rules allow.

Reserve price auctions have a couple quirks about them and this is one of them. This one annoys some bidders because they think they have a "right" to the item if they have the high bid yet the reserve wasn't met - that's not true.

No one wins an auction with a reserve price unless their bid is equal to or higher than the reserve price set by the seller. Your bid at either $20.61 or $121.88 both have the same bottom line - neither apparently met the reserve. You could contact the seller to confirm this. Some will tell you what their reserve is (was), some won't.

Rick

[raveenshahdadpuri]

Thanks again, Rick.
Yes - my main query why was the max bid only reach 20.61, when mine was 121.88.

Don't worry - i am pretty chill ... i do not think i have a "right" to the item .... some sellers have refused to close sale in the past even when i won in the past, because not as high as they expected ... but , Zennnn.

But , as you said,
i totally understand that i may NOT have met the reserve price - which i am totally OK with and i respect, but it should still should have auctioned up til 121.88 , right, and why stop at 20.61 ?! ....Odd ....
BUT,
i am sad if i there's shilling or bid increment rules.

I am ok if my Max bid of 121.88 was registered and still not met the reserve price.
If you know what i mean .....

[Cupid]

[raveenshahdadpuri]