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<p>[QUOTE=&quot;krispy, post: 2014271, member: 19065&quot;]In HA FAQ they state:</p><p><br /></p><p><b>Why did I lose the lot to a bidder bidding the same amount?</b></p><p>If an Internet Proxy bidder at HA.com has placed a bid higher or equal to your bid, they will win the lot due to the fact they bid earlier and have the prior bid.</p><p><br /></p><p><i>And, in the <a href="http://currency.ha.com/c/ref/web-tips.zx#biddingTutorial" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://currency.ha.com/c/ref/web-tips.zx#biddingTutorial" rel="nofollow">Bidding Tutorial</a> page:</i></p><p><br /></p><p>When the auction closes, the winner of the item will be the person with the highest bid, but the hammer price of the item will be the calculated current bid on the item, regardless of what the actual high bid was. This allows you as a bidder to win items for less than your maximum bid. Our Signature Auctions open up on the auction floor at the Current Bid. We will execute the high Internet bidder&#039;s secret maximum bid on his behalf until he either wins the lot or is outbid.</p><p><br /></p><p>Bidding increments in auctions with a Heritage Live component follow this table. Note that this is calculated without regard to the current bid; if an item has a current bid of $175, then the next bid will be $180, then $190, $200, $220, $240, etc.</p><p><br /></p><p><br /></p><p><br /></p><p>There is a table showing the increments and a bit more information continuing beyond the quoted passage above, but I think its important to remember how many factors you may be bidding against and the way they calculate the increments. I don&#039;t feel HA are doing anything unethical and that the system works as fairly as it is explained. Sometimes it&#039;s just hard to defeat all the forces competing for the same item.[/QUOTE]</p><p><br /></p>

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