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Bid increments
I recently bid $27.63 for an item and was the winning bidder until being outbid. I was outbid by a $28.00 bid not $28.63. Why wasn't the next bid $1.00 more than my bid?
4 comments
house*of*paws
Mentor2 years agoHi @highplains
Because the Showing Bid must have been less than $27.63 at the time the winner placed their bid.
We have to bid one bid increment above the SHOWING bid ... and NOT the hidden max bid. That's why we frequently see TIE bids ... which are decided in favor of the bidder who placed the bid first.
highplains
OP2 years agoThank you for your response. I realize that I left out the part of the showing bid when I placed my bid. The showing bid when I bid was $19.00. So you are saying that if I bid $27.63 and there was a hidden max bid of $28.00 that bid would trump my bid at the end of the auction even though I was shown to be the winning bidder?
house*of*paws
Mentor2 years ago@highplains
If there were a hidden max bid of $28.00 at the time you placed your $27.63 bid ... you would NOT ever have been shown to be 'highest bidder'. [Nobody is shown to be the 'winning bidder' while the auction is still active.]
Your bid would have uncovered the other bidder's full max bid ... and THEY would show as the Highest Bidder @$28.00 as soon as you placed your bid.
myangelandmyprincess
Mentor2 years agoIt just has to be one bid increment above the current showing bid. So if you bid $27.63 but the current showing bid was say $25 and the person bids $28 they will outbid you. If the showing bid was $27.63 they would have to bid at least $28.63 then.