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<p>[QUOTE=&quot;kirispupis, post: 7838933, member: 118780&quot;]Bidder 1 had a max bid of at least 9000. Bidder 2 placed a bid of 8500. In most other auctions, Bidder 1 would have won the coin at 8500. However, Leu automatically bumped Bidder 1 up to the next increment, so he won the coin at 9000.</p><p><br /></p><p>In my case, the next highest bid was 1000, so I won the coin at 1100 (my max). Presumably if my max was 1000, then I would have won the coin at that price (unless the other bidder decided to raise to 1100).</p><p><br /></p><p>Between these two cases the bidding patterns differed. For the Magas coin, there was a last minute bid from a new bidder at 8500. In my case, a bidder kept raising his offer until he gave up.</p><p><br /></p><p>Here&#039;s another bidding pattern from a coin I won:</p><p><br /></p><p>Bidder 1 440 CHF 09-Aug-21 10:50:20</p><p>Bidder 2 420 CHF 14-Aug-21 15:48:17</p><p>Bidder 3 360 CHF 08-Aug-21 18:12:13</p><p>Bidder 1 320 CHF 30-Jul-21 00:26:06</p><p>Bidder 3 300 CHF 08-Aug-21 18:11:54</p><p>Bidder 3 260 CHF 08-Aug-21 18:11:46</p><p>Bidder 3 220 CHF 08-Aug-21 18:11:41</p><p>Bidder 3 180 CHF 08-Aug-21 18:11:31</p><p>Bidder 3 120 CHF 08-Aug-21 18:11:26</p><p>Bidder 3 80 CHF 08-Aug-21 18:11:21</p><p>Bidder 3 65 CHF 08-Aug-21 18:11:17</p><p>Bidder 3 55 CHF 08-Aug-21 18:11:13</p><p><br /></p><p>You can see I placed a max bid relatively early in the auction, because I was travelling to Italy and didn&#039;t know whether I could attend online. On August 8th, I was outbid. I decided I wanted the coin a bit more, so I logged in from Italy and increased my max to 460. Bidder 3, who had been incrementing his bids until he won, gave up. Thirteen seconds before the auction finished, a new bidder tried to snipe it at 420. This bumped me to 440, but I still won the coin.</p><p><br /></p><p>Here&#039;s one from a coin I <i>didn&#039;t</i> win.</p><p><br /></p><p>Bidder 1 600 CHF 14-Aug-21 13:00:59</p><p>Bidder 2 600 CHF 14-Aug-21 14:44:35</p><p>Bidder 3 420 CHF 14-Aug-21 09:20:01</p><p>Bidder 4 340 CHF 14-Aug-21 12:28:30</p><p>Bidder 4 300 CHF 14-Aug-21 12:27:52</p><p>Bidder 5 250 CHF 14-Aug-21 12:05:48</p><p>Bidder 6 200 CHF 14-Aug-21 08:10:54</p><p>Bidder 7 101 CHF 14-Aug-21 09:02:23</p><p>Me 90 CHF 30-Jul-21 00:25:28</p><p>Bidder 8 90 CHF 14-Aug-21 02:36:31</p><p>Bidder 9 60 CHF 24-Jul-21 05:09:35</p><p>Bidder 6 50 CHF 16-Jul-21 20:48:16</p><p><br /></p><p>In this case, my lowball bid was quickly overcome. About 1:45 hours before the listing ended, someone bid 600. With about a minute in the auction, someone else tried to snipe at 600. In this case, the winning bidder wasn&#039;t pushed since his max had been reached, and so Bidder 1 took it for 600.</p><p><br /></p><p>While it&#039;s definitely possible to create a random shilling algorithm to accomplish this, my feeling is that&#039;s not what&#039;s happening here. Instead, the policy of automatically bumping the winning bid gives that impression.[/QUOTE]</p><p><br /></p>

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