Ebay Trivia Question?

[importdistributors]

The bid increment is $0.05 when bid is under $1; and $0.25 for bids between $1 and $5.
Study the following auction, reconstructa complete history of the bids and explain how the winner
won by just 1 cent.


Item number:130161378638
Callaway FT-5 Head Cover

Winning bid:US $3.00
Shipping: US $3.00 -- US Postal Service Priority Mail.

Bidders: 2 Total Bids:5 Time Ended: Oct-10-07 18:04:58 PDT

Only actual bids (not automatic bids generated up to a bidder's maximum) are shown.
Automatic bids may be placed days or hours before a listing ends. Learn more about bidding.


Bidder Bid Amount Bid Time

harthomes(25) US $3.00 Oct-10-07 17:59:17 PDT
harthomes(25) US $3.00 Oct-10-07 17:58:54 PDT
cybertigers(185) US $2.99 Oct-10-07 09:21:42 PDT
harthomes(25) US $2.00 Oct-10-07 17:58:43 PDT
harthomes(25) US $1.10 Oct-10-07 17:58:26 PDT
Starting Price US $0.99 Oct-07-07 18:04:58 PDT

 

[pontifex]

is the increment for proxy bids only?

i dunno...

 

[Tobolo]

Because cyvertigers listed $2.99 as his bid. and he listed $3.

Now, when he listed $3 the actual bid was $2.25 so he did go above the minimum increment.

In the future $3.03 is a better bid than $2.99. Some people wont go over the dollar amount.

EDIT: Let me add this. the $2.99 was first but the auction never reached that point until he bid the $3.