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why did eBay bid this way?

 
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yuzr
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PostPosted: Mon Dec 20, 2010 1:10 pm    Post subject: why did eBay bid this way? Reply with quote

$2.37 Dec-20-10 11:13:46 mine (won)
$2.15 Dec-19-10 20:08:51 x
$2.10 Dec-19-10 20:08:51 x

While $2.10 was current, I set Gixen a few cents above the 25cent increment.

Why was mine not bid at $2.25 (2.10 plus increment) ?
Or, conversely, why was my max not refused for being less than
an increment above his $2.15 ?
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mario
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Joined: 03 Oct 2006
Posts: 7267

PostPosted: Mon Dec 20, 2010 7:25 pm    Post subject: Reply with quote

A bid is only refused if it's less than the increment higher than the current high bid, not the current high bidder's maximum bid. In this case a minimum was 2.25. Only after you submitted your bid other bidder's maximum bid (2.15) was shown.
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yuzr
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PostPosted: Mon Dec 20, 2010 8:51 pm    Post subject: Reply with quote

mario wrote:
A bid is only refused if it's less than the increment higher than the current high bid, not the current high bidder's maximum bid.

Good, that answers that part.


mario wrote:
In this case a minimum was 2.25.

No, 2.35.


Question remains: Why $2.37 ?
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mario
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PostPosted: Mon Dec 20, 2010 9:10 pm    Post subject: Reply with quote

Sorry, I meant 2.35.

2.37 because while ebay will still allow anything that's an increment above current high bid, it will still try to bump the price up to current high bidder's maximum bid + bid increment. Had your maximum bid been 2.40 or higher, you would have paid 2.40.

In this case the difference is minimal, but at higher prices it becomes significant as bid increment grows.

I know this doesn't look right, but that's how ebay works.
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Gixen
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PostPosted: Mon Dec 20, 2010 9:10 pm    Post subject:

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Cupid



Joined: 09 Aug 2007
Posts: 7970
Location: Bristol, UK

PostPosted: Tue Dec 21, 2010 4:55 am    Post subject: Reply with quote

Yes... I can see why people get confused by the bidding process and outcomes on eBay... this stems from eBay using the bid increment for different calculations in different scenarios and not explaining the rules they apply very clearly on their help pages.
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Mark
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PostPosted: Tue Dec 21, 2010 10:54 am    Post subject: Reply with quote

mario wrote:
2.37 because while ebay will still allow anything that's an increment above current high bid, it will still try to bump the price up to current high bidder's maximum bid + bid increment.

Good explanation, Mario.

Cupid wrote:
eBay using the bid increment for different calculations in different scenarios

Yeah, so we see.
My case shows different bases used for two aspects of one bid:
ACCEPTANCE /REJECTION of new bid is based on current PRICE.
CALCULATION of new bid is based on current MAX BID.

Thanks, guys.
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Cupid



Joined: 09 Aug 2007
Posts: 7970
Location: Bristol, UK

PostPosted: Tue Dec 21, 2010 5:25 pm    Post subject: Reply with quote

Anonymous wrote:

My case shows different bases used for two aspects of one bid:
ACCEPTANCE /REJECTION of new bid is based on current PRICE.
CALCULATION of new bid is based on current MAX BID.


That's exactly it... well put.

It's a shame eBay dont explain it as well as you have.
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