Questions about bidding on EBAY... (help plz)

[TygGer]

Say for instance, an item is selling at $50. If I bid $100, does that means that my $100 is my max bid and proxy will set my bid to $50?

Also, what happens if I want to increase my bid while I am the current highest bidder? Say for instance, if the bid is still at $50 and my current bid was $100 max... What happens when I want to increase my $100 max bid to $200 (in case I will not be around to increase the bid if Im losing)? Will increasing to $200 also increase the MY current bid price of $50 to the next increment?

Thanks

 

[kami333]

No, it'll stay the same.

 

[iamme]

Originally posted by: TygGer
Say for instance, an item is selling at $50. If I bid $100, does that means that my $100 is my max bid and proxy will set my bid to $50?

yes. other bidders will automatically get outbid, until they bid over 100.

Also, what happens if I want to increase my bid while I am the current highest bidder? Say for instance, if the bid is still at $50 and my current bid was $100 max... What happens when I want to increase my $100 max bid to $200 (in case I will not be around to increase the bid if Im losing)? Will increasing to $200 also increase the MY current bid price of $50 to the next increment?

Thanks

your 200 bid will override your 100 bid, but i think the current price will stay at 50. (not 100% sure about this one)

 

[Jzero]

The bid will only go as high as one increment over the current high bid.
If the auction is at $50 and you put $100 max, you will bid $51, and PROXY BIDDING will automatically register counter-bids until the high bid exceeds $100.

If you raise your max bid, it won't affect the current actual bid - you can't outbid yourself. The high bid would stay at $51 until someone else bids against you.

If you set your max bid correctly the first time around, you don't have to worry about being around to increase the bid if you're "losing." In fact, you're better off NOT watching the auction close because you will get yourself caught up in a bidding war and spend more than the item is worth.

 

[Ynog]

Yes, the first statement is true, if the item is selling at 50.00 and you bid 100 it will start the bid at 50 and increment up to 100 as others bid. With your bid coming first so you hold the item.

Now when it comes to adding on as the highest bidder, normally it doesn't increase to the next increment. However I have found one
case where it does do that. There are times when if the current bid and your max bid are the same value and someone has bid the current value, the increase will cause the bid to increment. For example, if you put your max bid at 100, and someone after you, bids 100 making the current bid = your max bid = 100. You still have the current bid because your bid was the first one in. However when you bid a higher amount it does increase your bid to the next increment, not sure if it is a bug or its meant to be that way. Something tells me the other persons bid of 100 dollars probably causes it.

 

[TygGer]

There are times when if the current bid and your max bid are the same value and someone has bid the current value, the increase will cause the bid to increment. For example, if you put your max bid at 100, and someone after you, bids 100 making the current bid = your max bid = 100. You still have the current bid because your bid was the first one in. However when you bid a higher amount it does increase your bid to the next increment, not sure if it is a bug or its meant to be that way. Something tells me the other persons bid of 100 dollars probably causes it.

That makes sense to me....


If the increment was only $1, I would try it to see if the I could outbid myself by increasing the my max. Too bad there's nothing cheap I need right now.