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VNelson
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 Posted: Mon May 12, 2008 8:17 am Post subject: Why did my bid lose? |
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My bid, placed on your site days beforehand, was $8.24. The winning bid was $8.00, and your status message was BID UNDER ASKING PRICE.
Item: 230249927552 |
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Cupid
Joined: 09 Aug 2007
Posts: 7599
Location: Bristol, UK
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| Posted: Mon May 12, 2008 9:04 am Post subject: |
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The bid increment at that price is 0.50 so eBay would not accept anything below $8.50 at the point where gixen tried to place your bid.
Thus gixens message is correct for this case.
I hope you have better luck next time, you can't win them all even with a service as good as this, can you?
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VNelson
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| Posted: Mon May 12, 2008 9:58 am Post subject: lost bid |
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I thought the increment rule on EBay did not apply if your bid was the highest, but I guess I'm wrong. Maybe that only applies if you use EBay's automatic bidding.
Yes, I agree, this is a great tool! |
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Cupid
Joined: 09 Aug 2007
Posts: 7599
Location: Bristol, UK
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| Posted: Mon May 12, 2008 11:19 am Post subject: |
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The bid incremant applies to the current auction price, in this case that was 8.00 at the point that gixen tried to submit your bid to eBay, 6 seconds before the auction ended. Your bid was never placed with eBay, thats the point of sniping.
Had your bid been placed when the auction price was lower it would have been accepted.. and it may have won, however I'm sure you realise that in the long run bidding earlier is a less successful strategy because others can then act on the fact that you have made a bid.
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Last edited by Cupid on Tue May 13, 2008 3:42 pm; edited 1 time in total |
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Gixen
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| Posted: Mon May 12, 2008 11:19 am Post subject: |
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nochkin
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| Posted: Tue May 13, 2008 6:01 am Post subject: Re: lost bid |
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| VNelson wrote: | | I thought the increment rule on EBay did not apply if your bid was the highest, but I guess I'm wrong. Maybe that only applies if you use EBay's automatic bidding. |
eBay increment rule applies on any bid, no matter how and when it was placed.
"Highest" is not enough, it must be higher (or equal) than current plus increment. |
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Cupid
Joined: 09 Aug 2007
Posts: 7599
Location: Bristol, UK
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| Posted: Tue May 13, 2008 10:05 am Post subject: Re: lost bid |
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| nochkin wrote: | | it must be higher (or equal) than current plus increment. |
Ah no thats not quite true.
Consider a hypothetical auction with a starting price of 0.01. I bid 8.00, there are no other bids until you place a snipe of 8.01, then you win at that price. Its only if someone else places a bid between 7.5 and 8 that my proxy is used up and you have to bid 8.50 to win.
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eabyduthie
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| Posted: Tue May 13, 2008 1:05 pm Post subject: outsniped? |
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Item number: 300222617062
My snipe of $93.81 was logged in May-13-08 09:40:16 PDT. It lost to a snipe of $93.83 which was logged in May-13-08 09:40:17 PDT.
Why wasn't the winning snipe at least $2.50 higher than my snipe? |
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nochkin
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| Posted: Tue May 13, 2008 2:58 pm Post subject: Re: lost bid |
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| Cupid wrote: | | nochkin wrote: | | it must be higher (or equal) than current plus increment. |
Ah no thats not quite true.
Consider a hypothetical auction with a starting price of 0.01. I bid 8.00, there are no other bids until you place a snipe of 8.01, then you win at that price. Its only if someone else places a bid between 7.5 and 8 that my proxy is used up and you have to bid 8.50 to win. |
I used word "current" meaning "current bid" -- that's 0.01 in your case. The 8.00 is not "current bid", it's your proxy bid.
When you go to any eBay auction, you will see "Currend bid: US $0.01", you won't see what is the actual bid (AKA proxy bid). |
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nochkin
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| Posted: Tue May 13, 2008 3:00 pm Post subject: Re: outsniped? |
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| eabyduthie wrote: | Item number: 300222617062
My snipe of $93.81 was logged in May-13-08 09:40:16 PDT. It lost to a snipe of $93.83 which was logged in May-13-08 09:40:17 PDT.
Why wasn't the winning snipe at least $2.50 higher than my snipe? |
That's because "current bid" was 86.17 at that moment and winner had to put any price above yours by 1 penny to get it from you. |
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Cupid
Joined: 09 Aug 2007
Posts: 7599
Location: Bristol, UK
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| Posted: Tue May 13, 2008 3:50 pm Post subject: Re: lost bid |
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| nochkin wrote: | | I used word "current" meaning "current bid" |
Yes you are right I misuderstood your post I took "current" to mean "current highest bid" i.e my proxy at 8.0 in this hypothetical case. Earlier on this thread I used the term "current auction price" to mean the same thing as your "current"/"current bid".
The problem is we all use slightly different terminology for the same thing.
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