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Message:: [QUOTE="philologus_1, post: 26057763, member: 92212"]Thanks [USER=66]@Conder101[/USER] for taking the time to explain it step-by-step.  I wanted to do so, but didn't have the time yesterday to compose and type it all up.  It's really eBay 101 stuff (see what I did there?), but not all eBayers have had opportunity to come to understand it. I very much like that you took time to include this sentence . . . . . . Several times I've heard a 2nd place underbidder say something like, "I should have bid just a few increments higher, then I would have won it!", or, "I lost by just one dollar!"  The problem with that logic is that because you don't know the winning bidder's max bid (as [USER=66]@Conder101[/USER] pointed out), you also don't/can't know how much higher your bid would have had to be in order to win. The max bid could have been $50, $100, or more! An exception to never knowing how much it would have taken to win... (and I HATE it when it happens to me!)... is when the winning bid is less than one full bidding increment above your max bid.  THAT'S an occassion to lament over not having bid just a little bit higher. ;-([/QUOTE]