Winning Bid = Buy It Now

[rhk6446]

Hello Gixen,

I recently experienced the following Bid History for auction 142179480467
The Bid History includes automatic bids.
The posted Buy It Now Price was $54.95
My Gixen Bid was $54.95.

rhk6446 US $54.95 Nov-21-16 11:29:58 PST
f***e US $32.15 Nov-17-16 22:54:18 PST
i***i US $32.00 Nov-18-16 13:40:50 PST
f***e US $29.95 Nov-17-16 22:54:18 PST
Starting Price US $29.95 Nov-14-16 11:30:03 PST

I would have expected Gixen to bid $33.15 and then step higher in response to any competing bids and stop at $54.95.

Do I misunderstand how Gixen works?

Thank you

[Cupid]

If you look near the top of the bidding page it says 'Reserve met'.

So it appears the seller also had a reserve of $54.95 so he was never going to sell for less.

That's how Ebay works, as soon as the reserve price is met the price jumps up to that value.

My guess is that the seller only ran the auction in order to see the amount that they could get for the item, if it didn't sell at the price they wanted.
_________________
Mark