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TS
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 Posted: Thu Nov 11, 2010 6:30 pm Post subject: Confused |
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I Gixened this:- 270658857811 at $15.57 as I wasn't that enthusiastic about it and I didn't think anyone else would be either.
The winning bid was $15.53. Now there was a link explaining bid increments as being why I lost it but it doesn't seem to make sense.
Surely as my bid was $15.57 the winning bid should be $16.07. If he only bid
$15.53 then I should have won. |
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mario
Site Admin
Joined: 03 Oct 2006
Posts: 7267
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| Posted: Thu Nov 11, 2010 7:53 pm Post subject: |
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TS,
Quite the opposite. Your bid is the last one, as you are the one sniping. Hence bid increment rule works against you. |
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Cupid
Joined: 09 Aug 2007
Posts: 7970
Location: Bristol, UK
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| Posted: Fri Nov 12, 2010 2:32 am Post subject: |
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Which is why it is often the sniper that bids earlier (by setting a larger offset) that wins the auction, not the one that bids last.
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Mark |
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