Bid increments

[buffalogt750]

I just lost an auction for a car by $11.00. I bid $6600.00 in the last few seconds and the winning bidder won with a bid of $6611.11.  I'm trying to figure out why if the bid increment was $100.00 I could lose by $11.00. I understand all the sniping stuff but it seems that if the bid increment was $100.00 I should have lost by $100.00. What am I missing here?

[corndog2]

Bidding in the last few seconds is always tricky.  Are you sure your bid got in before the actual end of the auction?  If so, it's hard to say without actually seeing the bid history. 

[atikovi]

Check the bid history. I'm sure that bidder bid $6,611.11 before you put in your bid.

[eburtonlab]

Without looking at the bid history, I would guess that the winning bid was at least one increment above the (then) current bid price shown, which is not necessarily your maximum bid (which would be hidden).

If your maximum bid was the current bid price shown, the next bidder would have had to beat it by one full increment or more.

[buffalogt750]

Yes my bid definitely got in. The bid history shows my bid of $6600.00 and right above it is the winning bid of $6611.00. No big deal, I tried to do the sniping but I got sniped instead. I was just wondering how if it makes you bid in $100.00 increments I lost out by $11.00.

[buffalogt750]

It appears on the bid history that 6611.11 was their first and only bid. When I bid 6600.00 it showed me winning for a split second until the end of the auction. Here's the bid history (if it works)

https://www.ebay.com/bfl/viewbids/263915723640?item=263915723640&rt=nc&_trksid=p2047675.l2565

[rock.star]

When the winner enter their bid the showing bid was &6200.00 so the $661.11 was above the $100 increment

[buffalogt750]

I think I'm going to have to call **bleep** on this one!

[atikovi]

Post this question on the bidding forum. https://community.ebay.com/t5/Bidding-Buying/bd-p/bidding-buying-db They would be more familiar with this.

[tony1963]

I would argue that you lost the vehicle because you hunkered down and tried to buy the car for nothing at the last minute.  

That kind of bidding typically gets you nothing as there is always someone bidding at the last second.  You should have put a proxy bid in for the maximum that you would pay and let the system do the work.  No, you didn't like that idea since you though you could save a buck doing it the other way.

So, you lose.  

[corndog2]

He didn't try to buy the car for nothing. He only lost out by $11.11.

The question was how did he lose it by that amount instead of the $100 bid increment. Even looking at the bid increment with the automatic bidding, it looks strange.

[mr.elmwood]

Best I have is that it was a proxy, but, no under bid. That is where I am lost.

[alcoforever]

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@rock.star wrote:
When the winner enter their bid the showing bid was &6200.00 so the $661.11 was above the $100 increment

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This is the correct explanation. 

[buffalogt750]

My main question was where does $11.11 come from. Is it just some random number or is there some method ebay uses to determine thas number. I'll post in bidding forum.

[lacemaker3]

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@buffalogt750 wrote:

I just lost an auction for a car by $11.00. I bid $6600.00 in the last few seconds and the winning bidder won with a bid of $6611.11.  I'm trying to figure out why if the bid increment was $100.00 I could lose by $11.00. I understand all the sniping stuff but it seems that if the bid increment was $100.00 I should have lost by $100.00. What am I missing here?

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Here is the bid history for that listing, with the "automatic" bids showing, in gray.

You placed a max/proxy bid of  $6,600.00 at 2:32:41PM PDT, but the bid before that was only $6,100.00, so eBay only needed to use $6,200 of your proxy bid to put you into the lead. So at that point, the "showing" bid was $6,200.00, and that shows up on the bid history as an "automatic" bid.

The winning bidder only needed to bid one bid increment (or $100) more than the showing bid. They could have bid any amount from $6,300.00 up. They had no way to know what your max/proxy bid was, and eBay wouldn't tell them because that wouldn't have been fair.  The winning bid was placed 12 seconds after your bid was placed, so the winner may not have even seen your bid when they placed theirs, but if they did, they only saw it as being for $6,200.00

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@buffalogt750 wrote:

My main question was where does $11.11 come from. Is it just some random number or is there some method ebay uses to determine thas number. I'll post in bidding forum.

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The winner bid exactly $6,611.11. That's where the winning bid amount came from. They won by less than a full bid increment, so you know that is exactly what their bid amount was.

There's no need to repost this. If you still have questions, you can ask them here. But I hope this explanation helps.

[lacemaker3]

I just lost an auction for a car by $11.00. I bid $6600.00 in the last few seconds and the winning bidder won with a bid of $6611.11.  I'm trying to figure out why if the bid increment was $100.00 I could lose by $11.00. I understand all the sniping stuff but it seems that if the bid increment was $100.00 I should have lost by $100.00. What am I missing here?