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can I bid against myself?

 
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harlean5
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PostPosted: Wed Sep 10, 2008 12:59 pm    Post subject: can I bid against myself? Reply with quote

I know this is a stupid question, but I'm not too bright when it comes to Ebay and sniping. If I already placed a higher bid, and then decided to use Gixen with an even higher bid, will I be driving up my bid and bidding against myself? Embarassed
I have less than 3 hours to figure this out before the auction ends. I know, I know I'm asking a dumb question... Confused
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mario
Site Admin


Joined: 03 Oct 2006
Posts: 6515

PostPosted: Wed Sep 10, 2008 1:07 pm    Post subject: Reply with quote

You can never bid against yourself.
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harlean5
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PostPosted: Wed Sep 10, 2008 3:09 pm    Post subject: Thank you Reply with quote

thanks for the fast response. So far so good & I am anxious to see how I do on the auctions. Hopefully you won't get a question as dumb as the one I asked Arrow Rolling Eyes
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juangrande



Joined: 09 Aug 2007
Posts: 889
Location: San Diego, California, USA

PostPosted: Wed Sep 10, 2008 7:11 pm    Post subject: Reply with quote

It's not a dumb question: eBay auctions work very differently than outcry auctions (which are what most people are familiar with). eBay auctions are a variant of what's called a Vickrey auction in which the winning bidder wins at a price equal to the second-highest bid. This means that if you are winning and place a higher bid, the current price doesn't change: it only changes if someone else bids. Of course, this is just the long version of what mario said. Very Happy
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If you don't know where you are going, you will wind up somewhere else.
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