Question about bidding on Dutch eBay auctions

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M

MrCodeDude

Lifer
Jun 23, 2001
13,674
1
76
Let's say a guy is doing a dutch auction and selling 50 items at $19.95 as the starting bid. There are only 40 people who have bid on the item. If I put $25 as my max bid price, do I pay the $25 or the $19.95 assuming that no one else bids on the item?
-- mrcodedude
 
B

Brutuskend

Lifer
Apr 2, 2001
26,558
4
0
You pay the same as the next lowest winning bid....


Feel PROUD, I was looking for a worthwhile topic on which to use my 3000th post on here, and YOU WIN!!!!

WTF: I though after your 3000th post you became Diamond!!???
 
T

ThaGrandCow

Diamond Member
Dec 27, 2001
7,956
2
0
You pay 19.95



<< WTF: I though after your 3000th post you became Diamond!!??? >>

It's 3001 you become diamond.
 
M

MrCodeDude

Lifer
Jun 23, 2001
13,674
1
76
I don't see how that can make sense though. It's probably correct, but let's say a guy puts in a bid last second for $100.. He would only pay $19.95 and be guaranteed to get the product.. So it's not first come first serve?
-- mrcodedude
 
I

isekii

Lifer
Mar 16, 2001
28,578
3
81


<< I don't see how that can make sense though. It's probably correct, but let's say a guy puts in a bid last second for $100.. He would only pay $19.95 and be guaranteed to get the product.. So it's not first come first serve?
-- mrcodedude >>




Once all the items in the auctions are bid on~..
the price of the item goes up.. hence people bid more than the minimum bid~

so even if it does go up..

they are in line to get the item...
 
B

b0mbrman

Lifer
Jun 1, 2001
29,470
1
81


<< I don't see how that can make sense though. It's probably correct, but let's say a guy puts in a bid last second for $100.. He would only pay $19.95 and be guaranteed to get the product.. So it's not first come first serve?
-- mrcodedude >>


First-come-first-serve is a tie-breaker...higher bid will win
 
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