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<p>[QUOTE="Curtis, post: 8233110, member: 26430"]It's entirely possible Bidder 4's max bid was actually much much higher than 755. I think I understand what [USER=94602]@pprp[/USER] is saying. Yes, you had entered a max bid of 750 early enough. I've always wondered why people bid in the middle of any increment (755 rather than 750 or 800) and this illustrates why:</p><p><br /></p><p><b>Time A:</b> You up your max to 750, but it's only showing the highest bid at 500 or 550.</p><p>However, technically, you have not yet "placed the bid" above 500 (or 550) until someone "raises" you.</p><p>Bidder 4 surmises that your max bid is 600. They place 605, so that if the system enters both bids, their 605 beats your 600 when the system enters them simultaneously. (Perhaps it showed you are winning at 605 or 650, but now the increments are 655, 705, 755...)</p><p><b>Time B: </b>It didn't work. You're still winning (I can't tell what the system would show the high bid to be). Bidder 4 surmises that your max bid might be 750 and enters a max bid anywhere between 755 and Infinity.</p><p><b>Time C: </b>It worked. Your 750 was entered against their max bid which was more than 750 (either by 5 or 2,000,000).</p><p><br /></p><p>That's my suspicion, not having exactly read the details of how they define any differences between proxy bidding, pre-bidding, absentee bidding, live-bidding, book bids, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="Curtis, post: 8233110, member: 26430"]It's entirely possible Bidder 4's max bid was actually much much higher than 755. I think I understand what [USER=94602]@pprp[/USER] is saying. Yes, you had entered a max bid of 750 early enough. I've always wondered why people bid in the middle of any increment (755 rather than 750 or 800) and this illustrates why: [B]Time A:[/B] You up your max to 750, but it's only showing the highest bid at 500 or 550. However, technically, you have not yet "placed the bid" above 500 (or 550) until someone "raises" you. Bidder 4 surmises that your max bid is 600. They place 605, so that if the system enters both bids, their 605 beats your 600 when the system enters them simultaneously. (Perhaps it showed you are winning at 605 or 650, but now the increments are 655, 705, 755...) [B]Time B: [/B]It didn't work. You're still winning (I can't tell what the system would show the high bid to be). Bidder 4 surmises that your max bid might be 750 and enters a max bid anywhere between 755 and Infinity. [B]Time C: [/B]It worked. Your 750 was entered against their max bid which was more than 750 (either by 5 or 2,000,000). That's my suspicion, not having exactly read the details of how they define any differences between proxy bidding, pre-bidding, absentee bidding, live-bidding, book bids, etc.[/QUOTE]
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