Message:

<p>[QUOTE=&quot;acsearch.info, post: 8233153, member: 105839&quot;][USER=118780]@kirispupis[/USER] since your maximum bid is secret and not publicly shown as long as it is not maxed out, the system will accept any bid that is equal or above the next possible bid step. E.g. if the current bid is 550 CHF, the next possible bid step is 600 CHF. But the system will also accept 601 CHF. Now if the previous bidder placed a bid of 600 CHF, the bid of 601 CHF is superior, even if only by a marginal amount. Thus, the bidder who bid 601 CHF wins. If this was not the case, the auction house would get hundrets of inquiries like &quot;My bid was higher than the hammer, why didn&#039;t I win?&quot;. Furthermore, it&#039;s in the interest of the auction house to maximize hammer prices and 601, 610 or 649 is simply higher than 600, even if it&#039;s not a full step.</p><p><br /></p><p>I think that&#039;s the bidding algorithm [USER=94602]@pprp[/USER] was talking about and which is used by almost all online auction systems.[/QUOTE]</p><p><br /></p>

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