Cupid
Joined: 09 Aug 2007 Posts: 7599 Location: Bristol, UK
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Posted: Sat May 23, 2020 12:00 pm Post subject: |
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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. _________________ Mark |
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