Reply to Thread

Message:: [QUOTE="Hobo, post: 351209, member: 11521"]I don't think so. As long as the next bidder bids at least the "Current Bid" PLUS the "Bid Increment" his bid will be recorded even if his bid is only one cent more than yours.  For example: Bidder A bids $140.00 to start the bidding. The starting price is $0.99 so Bidder A's "Current Bid" is $0.99. Bidder B comes along and bids $130.00. Bidder A's proxy bid of $140.00 brings the "Current Bid" to $132.50. (I checked eBay and the bid increment in this price range is $2.50.) The "Current Bid" is now $132.50 and the bid increment is $2.50 so any future bidders must bid at least $135.00. With 3 seconds remaining in the auction Bidder C bids $140.01.  Since Bidder C's bid met the minimum bid increment of $2.50 when the previous "Current Bid" was $132.50 (Bidder A's last bid amount) his bid only needs to exceed Bidder A's proxy bid by one cent to be the high bid.  I have won numerous auctions at the last second by only a few cents because I bid an odd amount like $32.78 or $156.31. I have won 4 or 5 auctions by ONE CENT and I don't feel bad about it. Sometimes craftiness is what is needed to win.  What I never understand is the guy that bids $X.99.[/QUOTE]