The competition was fierce last night.

Um what?

 

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So for instance, I'm have an item in auction for $20. I do not want less than $500. I listed it at $20 to entice more potential buyers. Someone loves it so much they do not want to lose the auction and bid very high or maybe even accidentally. Well I have insurance...
My wife has an account and bids for the $500 that I expect. Its our money and I am basically buying it back. Even money. Minus a small fee. But I do not lose my shirt and you never get my $500 coin for less than $500.

 

I'm well aware of how that works what does this have to do with you getting frustrated from not winning like the original post? Doing it on ebay that way or really most houses is just well............

 

Your wife wins, then pays the 8 percent ebay fee and whatever other taxes get taken out.

sounds like a bad idea to me

 

There's also several easy solutions to avoid that too

 

Not if the difference is 30% lost opportunity opposed to 300%

 

Probably not much but I know it can be done and it bothers me.